Ethan and Marissa are shopping for their first car as newlyw…

Ethan and Marissa are shopping for their first car as newlyweds. They determine that they will need to take out a car loan for $8,000 (4.5% APR compounded monthly) in order to afford the purchase. If their monthly payment is $182.43, how long will Ethan and Marissa have to make these payments? 

Randy and Rhoda just got married and found their dream home….

Randy and Rhoda just got married and found their dream home. They will need to take out a loan of $96,000 to pay for the home, as they have a $24,000 down payment. Randy and Rhoda qualify for their loan at 4% for 30 years. Randy and Rhoda have the opportunity to purchase 2 points to lower their interest rate to 2%.   What will their monthly payment be with points?