Homework Answers
Answer is
| (A) | (B) | ( C) | (D) | ( E) | (A+B+C-D-E) |
| Previous balance | New purchases | Finance charge | Credits | Payments | New Balance |
| 400 | 325 | 5.6 | 200 | 110 | 420.6 |
| (A) | (B) | ( C) | (D) | ( E) | (A+B+C-D-E) |
| Previous balance | New purchases | Finance charge | Credits | Payments | New Balance |
| 92.5 | 119.25 | 6.75 | 21 | 125 | 72.5 |
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Find the new balance for the area with the question mark. Use your calculator if you...
QUESTION 10 2 points Save Answer Manisha used her credit card to buy school books for...
QUESTION 10 2 points Save Answer Manisha used her credit card to buy school books for $400. Later, she returned one book for $50. Manisha had a previous balance of $70. When Manisha got her new monthly statement, it showed a payment of $250 and a finance charge of $1.05. What will be the new balance on the statement? Path: p Words O QUESTION 1 2 points Save Answer Terry used his credit card to buy two suitcases. Together they...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80; fees, $55, payments, $500; and purchase returns, $56.99. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16 20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December...
Question 13 6 pts Use the unpaid balance method to find the finance charge on the...
Question 13 6 pts Use the unpaid balance method to find the finance charge on the credit card account given the following information: last month's balance: $700, payment: $480, interest rate: 21%, bought ring: $210, bought theater tickets: $142, returned vase: $128. Round to two decimals. Next → • Previous
o 3gnmen,you submt answers by questions You a use a new randomization after every 3 question...
o 3gnmen,you submt answers by questions You a use a new randomization after every 3 question submissions Assignment Scoring Your best submission for each entire question is used for your points 07.4 046 CMI 0/100 My Notes O Ash Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Balance: $3,600 Rate: 21% Payment: $1,900 Method: Previous balance...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80, fees, $55, payments, $500, and purchase returns, 55699. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a-...
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a- d. CARD Statement Account Number 1234 1234 1234 1234 O Statement Closing Date 11/06/08 Credit Line $2,100.00 Available Credit $1,576.80 TERESA TORRES 123 ANY STREET CITY CA 12345 o Account Summary Previous Balance - Credits - Payments + Purchases & Other Chgs - Cash Advances • FINANCE CHARGE - New Balance Payment Information O New Balance O Scheduled Minimum Payment O Scheduled Payment Due...
Which of the following is an advantage of using credit cards
1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a late fee. They are convenient.2. The amount left when you subtract last month's payment from last month's balance on a credit card statement is the (Points : 1) APR. unpaid balance. new balance. minimum payment.3. The...
ANSWER PART (E) ONLY! Ivana has just moved to Edmonton to take up a position in...
ANSWER PART (E) ONLY! Ivana has just moved to Edmonton to take up a position in the provincial government, earning $72,000 a year. Edmonton is a big city, so she has decided to lease a car, as well as buy a downtown condo. She has saved some money living at home with her parents up until now. But Ivana is a bit worried about her financial affairs as she has always had trouble managing money. For example, her last credit...
Register Date Transactions Unpaid Balance April 10 1389.21 April 11 April 12 April 13 April 14...
Register
Date
Transactions
Unpaid Balance
April 10
1389.21
April 11
April 12
April 13
April 14
April 15
April 16
April 17
April 18
April 19
April 20
April 21
April 22
April 23
April 24
April 25
April 26
April 27
April 28
April 29
April 30
May 1
May 2
May 3
May 4
May 5
May 6
May 7
May 8
May 9
Perform the following tasks (continued):
Enter your answers in this column.
At the end...
Karou is considering different options for financing the $15,000 balance on her planned new car purchase....
Karou is considering different options for financing the $15,000 balance on her planned new car purchase. The cheapest advertised rate among the local banks is 6.25 percent for 48-month car loan. The current rate on her revolving home equity line is 8.75 percent. Karou is in the 25 percent federal tax bracket and the 5.75 percent state tax bracket. Calculate Karou's monthly car payment using your financial calculator. Compare the payment amount if she uses the 48-month car loan through...
QUESTION 10 2 points Save Answer Manisha used her credit card to buy school books for $400. Later, she returned one book for $50. Manisha had a previous balance of $70. When Manisha got her new monthly statement, it showed a payment of $250 and a finance charge of $1.05. What will be the new balance on the statement? Path: p Words O QUESTION 1 2 points Save Answer Terry used his credit card to buy two suitcases. Together they...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80; fees, $55, payments, $500; and purchase returns, $56.99. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16 20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December...
Question 13 6 pts Use the unpaid balance method to find the finance charge on the credit card account given the following information: last month's balance: $700, payment: $480, interest rate: 21%, bought ring: $210, bought theater tickets: $142, returned vase: $128. Round to two decimals. Next → • Previous
o 3gnmen,you submt answers by questions You a use a new randomization after every 3 question submissions Assignment Scoring Your best submission for each entire question is used for your points 07.4 046 CMI 0/100 My Notes O Ash Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Balance: $3,600 Rate: 21% Payment: $1,900 Method: Previous balance...
20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous balance. Crystal's December statement showed: previous balance, $397.90, new purchases, $341.80, fees, $55, payments, $500, and purchase returns, 55699. What is her finance charge for December? A) $83.52 B) $6.96 $49.92 D) $4.16
#1.) Here is a sample credit card statemet. Use the CARD Statement to answer problems a- d. CARD Statement Account Number 1234 1234 1234 1234 O Statement Closing Date 11/06/08 Credit Line $2,100.00 Available Credit $1,576.80 TERESA TORRES 123 ANY STREET CITY CA 12345 o Account Summary Previous Balance - Credits - Payments + Purchases & Other Chgs - Cash Advances • FINANCE CHARGE - New Balance Payment Information O New Balance O Scheduled Minimum Payment O Scheduled Payment Due...
Register
Date
Transactions
Unpaid Balance
April 10
1389.21
April 11
April 12
April 13
April 14
April 15
April 16
April 17
April 18
April 19
April 20
April 21
April 22
April 23
April 24
April 25
April 26
April 27
April 28
April 29
April 30
May 1
May 2
May 3
May 4
May 5
May 6
May 7
May 8
May 9
Perform the following tasks (continued):
Enter your answers in this column.
At the end...
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