You have a choice between investing $1,000 at Cougar Credit…

You have a choice between investing $1,000 at Cougar Credit Union or Tiger Bank. Cougar Credit Union offers a money market account which pays 8% annual interest which is compounded quarterly.  Tiger Bank offers a money market account which pays 8.2% annual interest and compounds annually.  Which account will pay the most interest over a one-year period? How much extra interest would you earn?

Chris and Shauna are kind of quirky with numbers. They love…

Chris and Shauna are kind of quirky with numbers. They love all forms of the number seven. They want to buy a 1977 vintage Corvette for $77,777.77. If they pay 7.7% down and finance the rest over 77 months at 7.7% annual interest, what would be their monthly payment (at the end of each month)?