8. Randy estimates it will cost $11,000 for the tuition for his first year of college. He has a scholarship worth $1,000 and a grant for $2,000. His parents will pay the remaining tuition in 4 equal payments. How much will each payment be?

Suppose that you borrow $15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments: installment loan A: three year loan at 5.4% installment loan B: five year loan at 6.4% find the monthly payments and the total interest for both loan A and loan B. Compare the monthly payments and the total interest for the two loans.

Warren opens a savings account, with the goal of saving $25,000 by making deposits each month for the next 10 years. If the account pays 5.5% interest, how much should Warren deposit each month?

How much interest (to the nearest dollar) would be saved on the following loan if the condominium were financed for 15 rather than 30 years? A $255,000 condominium bought with a 30% down payment and the balance financed for 30 years at 4.05% $ Need Help? Read It

John opened a savings account with $900 and was payed simple intrest at an anual rate of 5%. When John closed the account, he was payed $135 in interest. How long was the account open for, in years?