Graphing calculators

 

I have several scenarios I would like you  to explore with the use of your graphing calculator.

 

Scenario 1:  Suppose you put $1000 on a credit card that charges 12% interest.  You make no payments.  How much interest do you pay in 1 year? 

 

Scenario 2:  Suppose you put $1000 on a credit card that charges 12% interest.  You make a payment of 100 each month.  How much interest do you pay in 1 year? 

 

Scenario 3: Suppose you take out a 4-year loan for a car for 14,999.  If the interest rate is 10.99%, what is your monthly payment?