1. You currently owe $18,000 on a car loan at 8.0% interest. If you make monthly payments of $576.49 per month, how long will it take you to repay the loan? Please state the time in months.
2. You have received a bond that will pay $500 at the end of each year forever into the future. If the market yield on the bond is 8.25%, how much it is worth today?
3. What is the future equivalent of $1000 invested at 4% simple interest for 3 years?