Question: with the information provided how do calculate how to find these answers from scenario 1 ? with information provided how do you solve this? would



Avatar's Portfolio: Credit Card y da v Stadt Nam Hank Credit Union Name Annual Percentage Rate - APR Only on purchases, not introductoryte Monthly fees? A Fees? Purchases Purchasing Scenario de the care your Avtar was randomly assigned Scenario 1 Scenario Scenario Finance Care Information Average Daily Balance Daily interest Rate Minimum Monthly Payment Minimum Monthly Payment of the end monthly balance. finance charger 525 whichever is greater Number of Months until minimum payment is $25 Total number of months to pay off credit Gard it only minimum payment is made Total finance charge interest) paid when credit card is pidine Avatar's Month of Purchases: Scenario 1 Monday Thunday Sunda Wednesday 1 with Dely Blanc 5959 Day Balance Dance 599.21 Daily Sus Daily pot.col.com . 10 15 Daily Balance $1.884 62 Daily Balance Daly Balance 51.88462 Daly Balance 51684.62 S2 Dance 246 a, HNH 52746 Durante 117461 17 15 13 18 Daily Balance $2746.87 14 Daly Balance: $2746.87 Daly Balance 52766.87 Daily Balance 5274687 Daily Balance 52746.87 Den 5274137 Daily Ban 5214580 24 23 25 22 21 as Dance $3.178.34 20 Padre $42617 Daily Balance $3,173.24 Daily Balance 53.171.24 Daily Balance 53.173 24 Daily Balance 5217.24 Daly Balance $5.17324 Dery Balance 5217124 img 29 22 Plane Tickar 567523 Daily Balance 53.848.47 Dalyanca $1848 47 Daily Balance $3.848.47 www. Daly Balance $1.54841 Avatar's Month of Purchases: Scenario 1 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 1 2 3 4 5 New Cloths: New Laptop: $959.27 Daily Balance: Daily Balance: Daily Balance: $925.35 Daily Balance: $959.27 $959.27 $959.27 Daily Balance: $959.27 $1,884.62 8 6 7 10 11 12 Car Repairs: Daily Balance: Daily Balance: Daily Balance: Daily Balance: 8862.25 Daily Balance: Daily Balance: $1,884.62 $1,884.62 $1,884.62 $1,884.62 Daily Balance: $2746.87 $2746.87 $2746.87 13 14 15 16 17 18 19 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 20 21 22 23 24 25 26 Pay dr. bill: $426.37 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 27 28 29 30 Plane Ticket: S675.23 Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,848.47 $3,848,47 $3,848.47 S3,848.47 Avatar's Portfolio: Credit Card Avatar's Name Student's Name Bank / Credit Union Name Animal Percentage Rate - APR: Monthly Fees? Annual Fees Inly on purchases, not introductory rates Purchases Purchasing Scenario: Grethe scenario your Avatar wisdomly assigned Scenario 1 Scenario Scenario 3 Finance Chance Information Average Dally Balance Daily Interest Rate Minimum Monthly Payment Minimum Monthly Payment of the end monthly balance finance charge or $25. whichever is greater Number of Months until minimum payment is $25 Total number of months to pay off credit card if only minimum payment is made: Total Finance charge interest) paid when credit card is paid in full Avatar's Portfolio: Credit Card Avatar's Name: Student's Name: Bank / Credit Union Name: BECU 21.99% (Only on purchases, not introductory rate) Annual Percentage Rate - APR: Monthly Fees?: Annual Fees?: Purchases Purchasing Scenario: Circle the scenario your Avatar was randomly assigned. Scenario 1 Scenario 2 Scenario 3 Finance Charge Information Average Daily Balance: Daily Interest Rate: Minimum Monthly Payment Minimum Monthly Payment: 1% of the end monthly balance + finance charge or $25, whichever is greater Number of Months until minimum payment is $25: Total number of months to pay off credit card if only minimum payment is made: Total finance charge (interest) paid when credit card is paid in full: Avatar's Month of Purchases: Scenario 1 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 1 2 3 4 5 New Cloths: New Laptop: $959.27 Daily Balance: Daily Balance: Daily Balance: 5925.35 Daily Balance: $959.27 $959.27 $959.27 Daily Balance: $959.27 $1,884.62 9 6 7 8 10 11 12 Car Repairs: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $862.25 Daily Balance: Daily Balance: $1,884.62 $1,884.62 $1,884.62 $1,884.62 Daily Balance: $2746.87 $2746.87 $2746.87 13 14 15 16 17 18 19 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 20 21 22 23 24 25 26 Pay dr. bill: $426.37 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3.173.24 $3,173.24 $3,173.24 27 28 29 30 Plane Ticket: S675.23 Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,848.47 $3,848.47 $3,848.47 $3,848.47 Avatar's Portfolio: Credit Card y da v Stadt Nam Hank Credit Union Name Annual Percentage Rate - APR Only on purchases, not introductoryte Monthly fees? A Fees? Purchases Purchasing Scenario de the care your Avtar was randomly assigned Scenario 1 Scenario Scenario Finance Care Information Average Daily Balance Daily interest Rate Minimum Monthly Payment Minimum Monthly Payment of the end monthly balance. finance charger 525 whichever is greater Number of Months until minimum payment is $25 Total number of months to pay off credit Gard it only minimum payment is made Total finance charge interest) paid when credit card is pidine Avatar's Month of Purchases: Scenario 1 Monday Thunday Sunda Wednesday 1 with Dely Blanc 5959 Day Balance Dance 599.21 Daily Sus Daily pot.col.com . 10 15 Daily Balance $1.884 62 Daily Balance Daly Balance 51.88462 Daly Balance 51684.62 S2 Dance 246 a, HNH 52746 Durante 117461 17 15 13 18 Daily Balance $2746.87 14 Daly Balance: $2746.87 Daly Balance 52766.87 Daily Balance 5274687 Daily Balance 52746.87 Den 5274137 Daily Ban 5214580 24 23 25 22 21 as Dance $3.178.34 20 Padre $42617 Daily Balance $3,173.24 Daily Balance 53.171.24 Daily Balance 53.173 24 Daily Balance 5217.24 Daly Balance $5.17324 Dery Balance 5217124 img 29 22 Plane Tickar 567523 Daily Balance 53.848.47 Dalyanca $1848 47 Daily Balance $3.848.47 www. Daly Balance $1.54841 Avatar's Month of Purchases: Scenario 1 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 1 2 3 4 5 New Cloths: New Laptop: $959.27 Daily Balance: Daily Balance: Daily Balance: $925.35 Daily Balance: $959.27 $959.27 $959.27 Daily Balance: $959.27 $1,884.62 8 6 7 10 11 12 Car Repairs: Daily Balance: Daily Balance: Daily Balance: Daily Balance: 8862.25 Daily Balance: Daily Balance: $1,884.62 $1,884.62 $1,884.62 $1,884.62 Daily Balance: $2746.87 $2746.87 $2746.87 13 14 15 16 17 18 19 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 20 21 22 23 24 25 26 Pay dr. bill: $426.37 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3,173.24 27 28 29 30 Plane Ticket: S675.23 Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,848.47 $3,848,47 $3,848.47 S3,848.47 Avatar's Portfolio: Credit Card Avatar's Name Student's Name Bank / Credit Union Name Animal Percentage Rate - APR: Monthly Fees? Annual Fees Inly on purchases, not introductory rates Purchases Purchasing Scenario: Grethe scenario your Avatar wisdomly assigned Scenario 1 Scenario Scenario 3 Finance Chance Information Average Dally Balance Daily Interest Rate Minimum Monthly Payment Minimum Monthly Payment of the end monthly balance finance charge or $25. whichever is greater Number of Months until minimum payment is $25 Total number of months to pay off credit card if only minimum payment is made: Total Finance charge interest) paid when credit card is paid in full Avatar's Portfolio: Credit Card Avatar's Name: Student's Name: Bank / Credit Union Name: BECU 21.99% (Only on purchases, not introductory rate) Annual Percentage Rate - APR: Monthly Fees?: Annual Fees?: Purchases Purchasing Scenario: Circle the scenario your Avatar was randomly assigned. Scenario 1 Scenario 2 Scenario 3 Finance Charge Information Average Daily Balance: Daily Interest Rate: Minimum Monthly Payment Minimum Monthly Payment: 1% of the end monthly balance + finance charge or $25, whichever is greater Number of Months until minimum payment is $25: Total number of months to pay off credit card if only minimum payment is made: Total finance charge (interest) paid when credit card is paid in full: Avatar's Month of Purchases: Scenario 1 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 1 2 3 4 5 New Cloths: New Laptop: $959.27 Daily Balance: Daily Balance: Daily Balance: 5925.35 Daily Balance: $959.27 $959.27 $959.27 Daily Balance: $959.27 $1,884.62 9 6 7 8 10 11 12 Car Repairs: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $862.25 Daily Balance: Daily Balance: $1,884.62 $1,884.62 $1,884.62 $1,884.62 Daily Balance: $2746.87 $2746.87 $2746.87 13 14 15 16 17 18 19 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 $2746.87 20 21 22 23 24 25 26 Pay dr. bill: $426.37 Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,173.24 $3,173.24 $3,173.24 $3,173.24 $3.173.24 $3,173.24 $3,173.24 27 28 29 30 Plane Ticket: S675.23 Daily Balance: Daily Balance: Daily Balance: Daily Balance: $3,848.47 $3,848.47 $3,848.47 $3,848.47
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
