Fiona and Franny were comparing balances and interest rates on their respective car loans. At the end of last month Fiona still owed $12,300 and is paying 3.6% interest and Franny still owed $9,500 and is paying 4.66% interest. Fiona said she was going to have a larger interest charge than Franny this month, and Franny said she was going to have a larger interest charge this than Fiona. Which one is correct? O Franny is correct since her interest charge this month is $36.90 and Fiona's is $36.89 O Neither are correct since both will have the same interest charge this month. O Franny is correct since her interest charge this month is $36.89 and Fiona's is $36.90 O Fiona is correct since her interest charge this month is $36.89 and Fiona's is $36.90 O Fiona is correct since her interest charge this month is $36.90 and Franny's is $36.89

Marisol finances a sports car for $27,700 by taking out an installment loan for 36 months. The payments were $998.61 per month and the total finance charge was $8,249.96. After 21 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.

Juanita has good credit and gets the lowest interest rate possible for her credit card. She has a balance of $982 on her January statement. What is her periodic rate?

Julian and Julie are meeting with the Bank of Montreal. They know that the bank will be looking at their ratios and they do not feel very confident. A lot is riding on this meeting as it would determine whether they can buy the condo of their dreams or not. Calculate their Total Debt Service (TDS) ratio based on the information provided. • Julian's annual gross salary: $90,000 • Julie's annual gross salary: $91,000 Monthly mortgage payment: $2,150 • Annual property taxes: $2,400 Monthly heating: $160 • Annual condo fees $600 • Julian's monthly student loan $70 • Julie's monthly car loan $125 . Monthly furniture loan $30 . . Select one: O a. 35% O b. 20% O c. 25% O d. 22% O e. 18%