1) You want to buy a $21,000 car. The company is offering a 2% interest...
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Accounting
1) You want to buy a $21,000 car. The company is offering a 2% interest rate for 36 months (3 years). What will your monthly payments be? $____________
2) You have $3,000 on a credit card that charges a 15% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? $___________ each month
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