Aaron deposits $7,500 into the bank. He can’t withdraw or
deposit any more money for 6 years. he earns 6% interest during
that time. How much interest will he have earned at the end of
the 6 years?
Laura just purchased a new car. She financed $45,000 and must
pay it back over 5 years with 11% interest. How much will
Laura have paid in interest by the time her car is paid off?