Kevin used his credit card to pay $2544 for a holiday. The interest rate for the credit card is 18.75%, compounded daily. Kevin plans to make monthly payments of $200. a) When will Kevin have paid off the balance in full?  b) How much interest will he have paid?

Craig decides to purchase a property that has been valued at $560,000. He has $90,000 available as a deposit and will require a mortgage for the remaining amount. The bank offers him a 25 year mortgage at 2% interest. Calculate the total interest he will pay over the life of the loan, assuming he makes monthly payments.

Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making payments every other month.  How much does Park still owe on the mortgage?  Give your answer to the nearest dollar..

Sylvie borrows $550 for a new smartphone. Her 2-year loan has 1.4% annual interest compounded monthly. What is the total cost of Sylvie's loan after she makes all the payments? $599.52 $553.92 $565.61 $558.00

A graduating college student owes $59,212 for a student loan. The loan charges an APR of 6.3%. What is the monthly payment required to pay off this loan in 8 years?