Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges...
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance?
Q2: At 5 percent compounded monthly, how long will it take to double your money?
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Q1: You charged $1,000 on your credit card for Christmas
presents. Your credit card company charges...
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges...
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance? Q2: At 5 percent compounded monthly, how long will it take to double your money?
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges...
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance?
You have an $1,000 balance on your credit card, the payment on the card is $20...
You have an $1,000 balance on your credit card, the payment on the card is $20 per month, if monthly interest rate is 1.5%, then how long does it take to pay off the balance on the card?
phoebe realizes that she has charged too much on her credit card and has racked up...
phoebe realizes that she has charged too much on her credit card and has racked up $6000 in debt. if she can pay $200 each month and the card charges 18 percent apr (compounded monthly) , how long will it take her to pay off the debt?
Joey realizes that he has charged too much on his credit card and has racked up...
Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt?
Joey realizes that he has charged too much on his credit card and has racked up...
Joey realizes that he has charged too much on his credit card and has racked up $4,200 in debt. If he can pay $175 each month and the card charges 15 percent APR (compounded monthly), how long will it take him to pay off the debt?
3. You have a credit card on which you currenty owe $10,000 The card has a...
3. You have a credit card on which you currenty owe $10,000 The card has a 19 99% annual interest rate and requires a minimum monthly payment of $50 Assume that you do not incur any other purchases on the card. (12 points) a) If you only make the minimum payment, how long will it take you to pay off the card? b) If you only make the minimum payment, how much total interest will you pay? c) If you...
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will it take you to rep...
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will it take you to repay your debt? yr
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will...
Your credit card charges 2% interest per month on unpaid balances. You maintain a balance of...
Your credit card charges 2% interest per month on unpaid balances. You maintain a balance of $656. How long will it take to pay off the credit card balance, assuming you make the minimum payment of $45 each month?
Thom owes $4,800 on his credit card. The credit card carries an APR of 17.2 percent...
Thom owes $4,800 on his credit card. The credit card carries an APR of 17.2 percent compounded monthly. If Thom makes monthly payments of $150 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice 11.80 months 43.12 months 40.25 months 32.00 months
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will it take you to repay your debt? yr
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will...
Thom owes $4,800 on his credit card. The credit card carries an APR of 17.2 percent compounded monthly. If Thom makes monthly payments of $150 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice 11.80 months 43.12 months 40.25 months 32.00 months
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