6) You have a balance of $7500 on your credit card and you make no further...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66479c29cf24f_06566479c29afed5.jpg)
Transcribed Image Text:
6) You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5% and each month you make only the minimum payment of 5% of your balance, what will be your balance after 24 months? O $1703.27 $3789.06 $3307.83 $2808.28 7) You have a balance of $10,000 for your tuition on your credit card and you make no further charges. If your APR is 18.9% and each month you make only the minimum payment of 3.5% of your balance, determine when the balance would be less than $50. Round your answer to the nearest month. (Select 1)(1pts) (Select 1)(1pts) 334 months 339 months 265 months O 149 months 6) You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5% and each month you make only the minimum payment of 5% of your balance, what will be your balance after 24 months? O $1703.27 $3789.06 $3307.83 $2808.28 7) You have a balance of $10,000 for your tuition on your credit card and you make no further charges. If your APR is 18.9% and each month you make only the minimum payment of 3.5% of your balance, determine when the balance would be less than $50. Round your answer to the nearest month. (Select 1)(1pts) (Select 1)(1pts) 334 months 339 months 265 months O 149 months
Expert Answer:
Posted Date:
Students also viewed these general management questions
-
Mr. CFE is the sole proprietor of a hardware store called, The CFE Shop. Mr. CFE has decided to incorporate the business but wishes to minimize any income inclusions on the transfer of his business...
-
The following is a list of controls (numbered 1 through 7 below) typically implemented in the revenue cycle. a. For each control identified, briefly indicate the financial misstatement that could...
-
Annual growth rates for individual firms in the toy industry tend to fluctuate dramatically, depending on consumers' tastes and current fads. Consider the following growth rates (in percent) for two...
-
When modeling a computer system, the boundaries between subsystems can be identified by: a. The physical differences between the components that make up each subsystem b. The presence of some form of...
-
A wealthy taxpayer is planning to start an Internet based business. The taxpayer expects to generate tax losses for at least the first 5 years of the business. The taxpayer also hopes to cash out of...
-
Ghani owns Hillside Vineyard. Ghani conveys some of the land to Iona for her life. Ghani has given Iona a . a license. b . a fee simple absolute . c . a profit. d . a life estate.
-
Given the rational function z-2 2-2-6' f(x)= let y = f(x) be its graph. Using complete sentences, write a short paragraph explaining how to find any/all x-intercepts and vertical asymptotes of the...
-
Consider a monoatomic gas at STP whose N particles are confined to move only over a 2D square (rather than a 3D cube). The spectrum of these particles are given by = 2ma ;(n /2 + n) where m is the...
-
3) Equity Investment transactions (4 marks) Riley Holdings, a public company, purchased the following investments on September 1, 2024: 8,000 common shares of Jasper Public Co., which trade on the...
-
Crane Ltd. determines, based on its taxable income for the year, that an income tax liability of $22,100 is payable. No accruals or instalments have been made during the year. How would your response...
-
American TV purchases electronic parts from Toko Corporation of Japan on account for 50,000,000 yen when the spot rate is $0.0075 on 12/12/22. On 12/31/22 the current exchange rate for yet is $.0076....
-
Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 units, its average costs per unit are as follows: Fixed administrative expense Direct...
-
A Car Company had the following costs during January 2020 a) Classify each cost as either Direct Material (DM), Direct Labour (DL), Indirect Materials (IM), Indirect (Labour), Manufacturing Overhead...
-
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App