Question: I need help with math *CREDIT CARD* ASSIGNMENT 6 - CREDIT CARDS 1) How much interest is due on an unpaid credit card balance of

I need help with math *CREDIT CARD*

I need help with math *CREDIT CARD* ASSIGNMENT 6 - CREDIT CARDS

ASSIGNMENT 6 - CREDIT CARDS 1) How much interest is due on an unpaid credit card balance of $1047.28 at a rate of 21.25% for 27 days? 2) How much interest is due on an unpaid credit card balance of $2111.67 at a rate of 18.5% for 5 months? 3) Adam has an unpaid credit card balance of $765.43 that charges an interest rate of 19.75%. If his payment was due on September 23, how much interest will he owe on October 14? Hint: September has 30 days

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 Mathematics Questions!

Q:

Lucy Waller Debition Lucy Keller is 27 years old. She graduated from university a couple of years. She has a good job earning about 9.000. She has been dating Marcus for the While she is not sure...

Q:

I need help urgently The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average...

Q:

Homework: Section 8.8 Homework Save Score: 0 of 1 pt 3 of 20 (20 complete) HW Score: 90%, 18 of 20 pts X 8.8.3 Question Help O The credit card with the transactions described in the popup below uses...

Q:

Please help . I posted this question many times Garth may encounter offers with a teaser rate, which is: (Select the best answer below.) A. a constant rate tied to changes in another interest rate...

Q:

6:51 Done Module 2_3 Formula Sheet 6:50 Done Amortization Worksheet 2 - 1 - HE 2 - FH - --- 6:55 Done M2-3 Finance, Credit Cards, and... WSS Credit Cards You have a credit card with a current balance...

Q:

Answer the following questions for each customer Pablo's credit card statement showed these transactions during March, with interest rate 1.5% March 1 Previous Balance $2211:52 March 3 Payment...

Q:

Based on Brad's case could you answer all the things in yellow? It would be greatly appreciated and I will give a big thumbs up PART 1: BRAD BROOXS-A Continuing Case Your childhood friend, Brad...

Q:

COMPREHENSIVE PROBLEM 4 Home Depot, Inc. ANALYSIS OF THE FINANCIAL STATEMENTS OF A PUBLICLY OWNED CORPORATION This Comprehensive Problem is to acquaint you with the content of the fiscal year 2021...

Q:

Home Depot, Inc. ANALYSIS OF THE FINANCIAL STATEMENTS OF A PUBLICLY OWNED CORPORATION This Comprehensive Problem is to acquaint you with the content of the 2018 financial statements of Home Depot,...

Q:

Answer the following questions for each customer. Pablo's credit card statement showed these transactions during March, with interest rate 1.8% : Using the average daily balance method, Pablo's new...

Q:

Write a Visa invitation letter and requirement to the United States.

Q:

BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isnt equipped to do. Estimates regarding...

Q:

The capitalization rate and discount rate is actually a yield rate based on: a . Safe or reasonable rate plus compensation for investment b . Safe or reasonable rate plus compensation for risk c ....

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...