You spend 4 dollars a day on Starbucks coffee. This translates into 1460 dollars a year. Lets say instead you invest 1460 dollars a year (at the end of each year) for 20 years. You invest the money in the SP500 index and earn 8 percent a year (APR). How much will you have after 20 years? Show your work

You have a credit card that charges you 29.99 percent APR (with daily compounding). What is the effective annual interest rate you are really paying? Show your work