Shania bought a $1,455 drum set on the installment plan. The agreement included a 15% down...

 

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Shania bought a $1,455 drum set on the installment plan. The agreement included a 15% down payment and 18 monthly payments of $80.78 each. What was the down payment? A. $218.25 B. $80.78 C. $15.00 D. $1,455.00 The finance charge on Lauren's credit card bill last month was $26.45. Her APR was 15.5%. What was her average daily balance? A. $26.45 B. $2,047.74 C. $793.50 D. 170.65 Chris purchases a living room set for $4,345. He has a one-year, no interest, no money down, deferred payment plan. He does have to make $15 monthly payments for the first 11 months. Assuming he makes minimum payments, how much does he have to pay in the twelfth month in order not to have to pay interest? A. $15 B. $4,345 C. $4,180 D. $165 Jake had these balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.22%. What is his average daily balance? . two days @ $451.98 . eleven days @ $903.04 four days @ $715.71 ● thirteen days @ $893.76 . A. $843.97 B. $818.04 C. $743.63 D. $903.04 Shania bought a $1,455 drum set on the installment plan. The agreement included a 15% down payment and 18 monthly payments of $80.78 each. What was the down payment? A. $218.25 B. $80.78 C. $15.00 D. $1,455.00 The finance charge on Lauren's credit card bill last month was $26.45. Her APR was 15.5%. What was her average daily balance? A. $26.45 B. $2,047.74 C. $793.50 D. 170.65 Chris purchases a living room set for $4,345. He has a one-year, no interest, no money down, deferred payment plan. He does have to make $15 monthly payments for the first 11 months. Assuming he makes minimum payments, how much does he have to pay in the twelfth month in order not to have to pay interest? A. $15 B. $4,345 C. $4,180 D. $165 Jake had these balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.22%. What is his average daily balance? . two days @ $451.98 . eleven days @ $903.04 four days @ $715.71 ● thirteen days @ $893.76 . A. $843.97 B. $818.04 C. $743.63 D. $903.04

Answer rating: 100% (QA)

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