Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. suppose your credit card has a balance of 5 100 an

Suppose your credit card has a balance of 5 100 and an annual interest rate...

90.2K

Verified Solution

Question

Basic Math

image

Suppose your credit card has a balance of 5 100 and an annual interest rate of 14 You decide to pay off the balance over three years If there are no further purchases charged to the card a How much must you pay each month b How much total interest will you pay Now suppose decide to pay off the balance over one year rather than three c How much more must you pay each month d How much less will you pay in total interest OA a 174 b 396 c 284 more per month d 768 less in total interest OC a 181 b 480 c 284 more per month d 936 less in total interest www O B a 181 Use PMT OD a 174 b 1 416 c 284 more per month d 936 less in total interest 1 to determine the payment amount Round to the nearest dollar b 1 164 c 284 more per month d 768 less in total interest PA

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

10.4: Inferences About the Difference Between Two Population Proportions In a test of the quality of two...

Medical Sciences
1.2K views

classification of receptors •by modality •orgin of stimulus •by distribution what are some examples of this ?

Biology
1.2K views

Questions 9-12 concern general information about each of the invertebrate phyla we discussed this semester. If...

Physics
1.2K views

A locomotive is accelerating at 1.6 m/s2 as it passes through a 30-m-wide crossing. After the...

Mechanical Engineering
1.2K views

Water at 0.15 MPa if the water is 0.25% between liquid and vapor what is the...

Accounting
1.2K views

Permanent differences impact a) current deferred taxes. b) current tax liabilities. c) deferred tax assets....

Accounting
1.2K views

Please answer the following questions relating to Ranjot and Himanshu company accounts (in thousands of...

Accounting
1.2K views

AQ6: What types of control would prevent the system from skipping a process or step?

Accounting
1.2K views

Compute and interpret the contribution margin ratio using the following data: sales, $5,000; total variable...

Accounting
1.2K views

Show Attempt History Current Attempt in Progress Bonita, Inc. produces three separate products from...

Accounting
1.2K views

Question #4 - Thorium Problem Benthic food chains in the deep sea are severely limited...

Finance
1.2K views

Suppose you are going to receive $20,000 per year for 7 years. The appropriate interest...