Question: Can you answer my question Use the table below or the monthly payment formula to calculate each monthly payment for the given principal, APR, and

Can you answer my question

Can you answer my question Use the table below or
Use the table below or the monthly payment formula to calculate each monthly payment for the given principal, APR, and time. Table of Monthly Payments per $1,000 of Principal 10 yr Rate 2 yp 3 y 4 yf Rate 1 yr 2 yr 3 yr 4 yr 5 yt 10 yr 1 yf 25.36 21,25 13.22 6.50% 86.30 44 55 30.65 23.71 19 57 11.35 10.00% 87 92 46.14 32.27 13.35 32.38 2548 21.37 6.75% 86 41 44.66 30.76 23 83 19.68 11 48 10.25% 88.03 46.26 21.49 13.49 7.00% 44.77 30 BB 19.80 11.61 10.50% 88.15 46.38 32.50 25.60 25.72 13.63 7.25% 46.49 32.62 21.62 B6.64 44.89 30 99 24.08 19.92 11.74 10.75% 88.27 32.74 25.85 21.74 13.78 7.50% 86.76 24.18 20.04 11.00% 46.61 45.00 31.11 88.38 32.86 25.97 21.87 13.92 7.75% 86.87 45.11 31 22 20.18 12.00 11.25% BB.50 46.72 24,30 14.0 11.50% 88.62 46.84 32.98 21.99 B.00% 86.99 45.23 31 34 24.41 20.28 12.13 46.96 33.10 26.21 22.1 14.2 8.25% 87.10 45.34 31.45 20.40 12.27 1.75% 88.73 12.40 12.00% 88.85 47.07 33.21 26.33 22.2 14.35 8.50% 87 22 45.46 31 57 24.6 20.52 12.53 12.25% 88.97 47.19 33.33 26.46 22.37 14.49 8.75% 87.34 45.57 31.68 24.77 20.64 33.45 26.58 22.50 14.64 9.00% 87 45 47.31 45.68 31.80 24.89 20.76 12.67 12.50% 89.08 89.20 47.42 33.57 26.70 2263 14.78 9.25% 87.57 45.80 31.92 25.00 20.88 12.8 12.75% 13.00% 89.32 47.54 33.69 6.83 2275 14.9 9.50% 87 68 45.91 32.03 25.12 21.00 12.9 33.81 26.95 2288 15.08 9.75% 87 80 46.03 32.15 25.24 21.12 13.08 13.25% 89.43 47.66 7. $8,000; 9.25%; 5 years 8. $10,000; 13%; 10 years 9. $9,700; 11%; 4 years 10. You had these daily balances on your credit card for your last billing period You must pay a finance charge due to not fully paying off the card last month. The APR is 18.2%. 1 1 days @ $282.55 4 days @ $532.99 7 days @ $825.54 3 days @ $767.31 5 days @ $1,453.37 a.) What is the average daily balance? b.) What is the finance charge

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!