Tammy charged 30,000 on her credit card. If she pays 600 each month and credit card charges

Fantastic news! We've Found the answer you've been seeking!

Question:

Tammy charged 30,000 on her credit card. If she pays 600 each month and credit card charges 23 percent apr. how long will it to take to pay it off? How much interest will it she pay if making 600 monthly payments?

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: Apr 02, 2024 07:06 AM

See More Questions

1. Steve recently graduated with his Masters degree, and landed a great job. He decided that he wants to begin investing and he has asked you for advice. He wants to know that if he invests 2,000...
All of the following are advantages of contracting with nonprofits except: They may preserve and maintain resources for the public such as museums and libraries. They may provide a voice for ethnic...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Explain why each of the following statements about profit-maximizing competitive firms is incorrect. Restate each one correctly. a. A competitive firm will produce output up to the point where price...
A magnetic field forces an electron to move in a circle with radial acceleration 3.0 ( 1014 m/s2. (a) What is the speed of the electron if the radius of its circular path is 15 cm? (b)What is the...
How would your answer to Exercise 1.1 change if U = ln (q1 + q2) so that consumers have diminishing marginal utility of diamonds?
Figure Q25.5 shows four different circular loops that are perpendicular to the page. The radius of loops 3 and 4 is twice that of loops 1 and 2. The magnetic field is the same for each. Rank in order...
1. What are some of the benefits afforded to organizations implementing voice recognition technologies in these settings? How can you quantify these benefits to assess the value of the investment?...
x-6x-27 = 0 is equivalent to: =
Both Donors Choose and Kiva are not-for-profits; do you think crowdfunding could be useful for for-profit businesses? Why or why not?
Step 1: Self-Assessment Begin by taking an objective assessment of your current nonverbal skills. What do you feel are your strengths? What do you feel are areas for improvement? Write up your...
Think of a time that you witnessed emotional contagion, either in person or online. Explain this experience detail, discuss what caused it, and discuss the impact of this emotional contagion (whether...
For the year ended June 30, 20X9, a university assessed its students a total of $4,000,000 for tuition and fees. Included in this amount were $300,000 of tuition remissions awarded to graduate...
Early AI developers measured the intelligence of the technology by its ability to play games, such as chess. Why might this definition of intelligence be limiting? What other forms of intelligence...
Various types of project reports may be distributed to stakeholders, "and should be adapted to provide information at an appropriate level, format, and detail for each type of stakeholder" (PMI,...
Consider the hypothetical example of the san Francisco bread company, a san francisco-based chain of bakery/cafes. san Francisco bread company has initiated an empirical estimation of customer...
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
In testing the null hypothesis that p = 0:3 against the alternative that p 0:3, the probability of a type II error is ______ when the true p = 0:4 than when p = 0:6. (1) the same (2) smaller (3)...
In a hypothesis test the p value is 0.043. This means that we can find statistical significance at: (1) both the 0.05 and 0.01 levels (2) the 0.05 but not at the 0.01 level (3) the 0.01 but not at...
An article states there is no significant evidence that median income increased. The implied null hypothesis is: (1) Median income increased. (2) Median income changed. (3) Median income did not...

Tammy charged 30,000 on her credit card. If she pays 600 each month and credit card charges

Question:

Expert Answer:

To determine how long it will take Tammy to pay off her credit card debt and how much interest she w... View the full answer

Principles of Finance

Students also viewed these finance questions