TJ has a credit card balance of $4,000. His interest rate is 15.9% and he plans to pay $240/month. How long will it take him to pay it off?

After careful review of your expenses, you feel you can afford to make $375 loan payments every month for 6 years on a new car. How much can you borrow if you will pay a 3% interest rate (assume monthly compounding)?

You have decided you are going to buy a car that costs $25,000. You have $5,000 to put down as a down payment and you are going to borrow the balance. The credit union loan officer says she can offer you a 5% rate for 5 years. How much will your monthly payment be?:

You are going to buy a new condo! You feel you can afford $900 a month. Interest rates are currently at 4.5% for 30-year mortgages. How much is the loan you can afford?