You desperately want a flat screen TV for your bedroom, and your parents won’t buy it for you. You put the $229 TV on your credit card and make the minimum monthly payment each month. Determine (a) the minimum monthly payment, (b) the interest you’ll pay, and (c) the full cost of the purchase.

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?