1. What are the monthly payments for a $100,000 mortgage amount, 8 percent interest rate, and a 30-year term?
A - 8,883
B - 740
C - 734
D - 8,000
2. You are borrowing $10,000 to purchase a car. You plan to make monthly payments for 24 months, and the interest rate is 12%. What is your monthly payment?
A - 471
B - 1,285
C - 371
D - 5,075