Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. geometry
  3. patrice s credit card has an apr of 11 calculated

Patrice s credit card has an APR of 11 calculated on the previous monthly balance...

80.2K

Verified Solution

Question

Geometry

image

Patrice s credit card has an APR of 11 calculated on the previous monthly balance and a minimum payment of 2 starting the month after the first purchase Her credit card record for the last 7 months is shown in the table below End of month 3 5 6 7 Previous balance 0 00 3900 00 3057 75 3815 96 3774 62 3733 73 3693 28 New charges 3900 00 30 00 A 208 77 B 40 01 C 455 51 D 246 73 50 00 30 00 50 00 50 00 50 00 Payment received 50 00 78 00 77 16 76 32 575 49 74 67 73 87 Finance charges 30 00 35 75 35 36 34 98 534 60 34 23 33 86 Principal paid 0 00 42 25 41 79 41 34 40 89 40 45 40 01 New balance 3900 00 3857 75 3815 96 3774 62 3733 73 3693 28 3653 27 How much of the 3900 charge that Patrice made during the first month has been paid off

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

CHF patients Number of Drugs Administered Readmitted Not readmitted Total ≥3 drugs 200 40 240 <3 drugs 100 900 1000 Total 300 940 1240 Your team needs to decide how to measure...

Basic Math
Q

**Please do not write in cursive** Q: How are the parasitic types of flatworms different in what...

Biology
Q

Recall the group Hom(G, A) (especially the group Hom(G, C ? ) whose elements are called...

Advance Math
Q

abbreviated ambience articulate humiliation intimidating obligation stimulating surpass Before radio TV and movies came along...

Biology
Q

A block of mass m lying on a rough horizontal surface of friction coefficient u...

Physics
Q

The approximate average distances from the sun to Saturn and Venus are listed below:Saturn: 1.43...

Basic Math
Q

can you break it down i still dont understand how the answer is the 11536.231...

Accounting
Q

Which of the following is NOT one of the advantages of a qualified plan for...

Accounting
Q

Multiple Choice Question The details behind the financial statement are often disclosed in the O...

Accounting
Q

If you borrowed $1,000 for a 2 year period, with a simple interest rate of...

Accounting
Q

2 0.362.5 points awarded Racer Industries is currently purchasing Part No.76 from...

Accounting
Q

Suppose that an analyst believes that Google (GOOG) will begin paying dividends in 4.00 years....

Finance