1. You purchased 250 shares of General Motors stock at a price of $80.06 two years ago. You sold all stocks today for $88.76. During this period the stock paid dividends of $5.36 per share. What is your annualized holding period return (annual percentage rate)?
2. You wish to buy a $23,000 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
3. Joey realizes that he has charged too much on his credit card and has racked up $4,900 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.)