Reagan and her mother are shopping for a new dress for Reagan to wear to a party. The dress she wants costs $285. Reagan's mother charges the dress on a credit card that has a 15.5% interest rate and will pay for the dress in 6 months. Use an online credit calculator to determine the amount of interest she will pay.

Serenity invested $10,000 when she turned 20 years old. Her investment account earns 7.9% annual interest that compounds annually. If she retires when she is 60 years old, how much money would she have in the account? Round your answer to the nearest thousandth.

Ronnie opened two savings accounts that pay simple interest yearly. After 3 years, how much more money is in the account at Riverside Bank compared to National Savings?

Which method of payment has the advantage of paying for expensive items over a period of several months?

Regina bought a new computer game and the amount of the purchase was immediately removed from a linked account. What method of payment did she use?

Which situations represent financially irresponsible decisions? Select TWO correct answers.

Mrs. Cotton needs a new washer and dryer. The best price for both appliances is $985. She has $250 in savings that she can use but will need to get a loan for the remainder. Or, she can keep her savings and get a loan for the full amount. Based on the chart provided, which loan option would cost the least in monthly payments?

Leslie will deposit $400 into an investment account, which earns 4.5% annual simple interest. Leslie will make no additional deposits or withdrawals. How much more will Leslie have in his investment account at the end of 6 years than at the end of 3 years?

Keith took a loan out for $5,000. He financed his loan with a simple interest rate of 4.35% for 6 years. What is the total amount Keith will have to pay back on this loan?