You Are interested in buying a new sierra 1500 pickup truck. after all negotiations the total cost will be 48,250. As a down payment, you decide to pay $3250 today and finance the remainder with a 72 month loan at 3.24% APR compound monthly, with first payment due in 1 month. How much is your fixed monthly Loan Payment?

Your friend spends $5 per day on lattes at his favorite coffee shop. If he were, instead, to deposit that amount each day (starting tomorrow) into an account earning 3.65% APR compounded daily, how much would he have in 20 years?

Your client has $0 savings, but wants to start saving for retirement. How many years will it take him to reach $2,500,000 if he is willing to deposit $450 per month in a fund that should earn an effective annual rate of 10.05%?