Please help me to solve these problems. Kindly solve all. Its my request.

1. William took out a $13400 car loan at 6 percent simple interest for 48 months. What is the remaining balance on his loan after two years, or 24 months? (Hint: Use the amortization function on your financial calculator or Excel Worksheet 5.6.)

$5847

$7553

$7101

$7734

2. For a $3300, 3-year 10 percent add-on interest installment loan, calculate the approximate APR.

30.0%

22.2%

10.0%

20.0%

3. Your credit card lender charges an annual rate of 14 percent on the average daily balance. Your balance on March 10, the end of the last billing cycle, was $4000. The following transactions were posted to your account during the billing cycle:

3/15	New credit purchase	$300
3/20	Payment received	$800
4/1	New credit purchase	$1100

The last day of the monthly billing cycle is April 10. Calculate the finance charge.

$53.67

$63.00

$47.01

$46.67

4. You have just received a credit card solicitation in the mail that offers you a 4 percent APR. Your current card has an APR of 14 percent. How much interest will you save the first month by switching cards, assuming you make no additional charges and both cards calculate interest based on the average daily balance of $3800.

$380.00

$31.67

$38.00

$44.33

5. In which of the following ways does the availability of consumer credit benefit individuals and families? Select two.

1.They will be protected from fraud.

2. They can deduct the interest from their taxes.

3. They can buy consumer goods and pay for them over time.

4. It is easier to budget for large purchases.

5. It helps limit overspending.