1. If you acquire a 15,000 student loan at 4.3% interest and have to begin making payment 4 years later, how much would you save in interest if the loan is subsidized? How would that subsidy affect your monthly payment?
2. You see a car loan advertised with terms of 1.1%. When you visit the dealer and read the fine print, however, you see that the interest is not the annual percentage rate, but the amount the dealer is charging every week. What is the APR (also known as the nominal interest rate)?