1. Which credit card would you choose if one had an annual fee of $250 and a rate of 12% and another had no fee and a rate of 15%? Why? Assuming you had a $2,000 balance, what is the effect rate on each card?
2. What is your monthly payment on a home purchase of 350K at a 5% rate for 30 years?
3. What is your monthly payment on a 50K, 10-year student loan at a rate of 6.8%?