Your employer contributes $60 at the end of each week to your retirement account. The account will earn a weekly interest rate of .16 percent. How much will the account be worth when you retire in 40 years?

You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $6,000 with low monthly payments of $155 per month. If the interest rate on the loan is an APR of 16 percent compounded monthly, how long will it take for you to pay off the loan?