This is a 5 part question, please answer the following...

1) Jessica borrows $1,200.00 from a credit card company at 25% annually for two years.Determine Jessica's monthly payment. Show your work.

2) Suppose a bank offers you a 4.99% interest rate on a 20-year mortgage to be paid back with monthly payments. Suppose the most you can afford to pay in monthly payments is $1500. How much of a mortgage could you afford?

A: $224,787.34

B: $227,478.34

C: $227,847.25

D: $228,743.72

3) Alex would like to purchase a new car for $20,000.How much will his monthly payments be if he took out a 3-year loan at 6.75% interest?

A: $615.26

B: $616.52

C: $625.16

D: $652.61

4) Mr. and Mrs. Thomas are buying a new house for $330,000. Compare the two loan offers by finding the monthly payments for each and calculating the total amount paid for each.