Question: can you solve this worksheet for me (2) How is Interest Really Calculated? Part li In reality, interest on a credit card isn't only charged

 can you solve this worksheet for me (2) How is Interest
can you solve this worksheet for me

(2) How is Interest Really Calculated? Part li In reality, interest on a credit card isn't only charged once a year. Let's investigate how it's really calculated 1) Suppose you charge $1,000 on a card that charges 12% APR. Find the account balance after 5 years. Try to do this by evaluating a single expression. Write down the expression as well as the answer Expression you evaluated: U 12 Balance 2) If interest were charged at a 12 APR semiannually instead of once a year, the same card would change or twice a year. By evaluating a single expression, find the account balance after 5 years 3) Complete the Table Frequency of Number of Times Interest Calculation Calculated per Year interest Rate per Expression for Period at 12% APR Balance after x years Account Balance After 5 Years Annual Semi-Annual Quarterly Monthly Weekly 4) Try to write an expression using only variables, for the account balance A, after t years, on an initial charge P, at an annual percentage rater, calculated n times a year. In reality, credit cards charge interest monthly. Adjust your equation to make it credit card specific

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