a new employee charge $8310 on his credit card to relocate for a first job after...
a new employee charge $8310 on his credit card to relocate for a first job after noticing that the interest rate for his balance is 24% compound monthly he stopped charging a lot of count he wishes to pay off his balance and 4 years using automatic payments since at the end of each month what monthly payment must he make to pay off the account at the end of four years
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a new employee charge $8310 on his credit card to
relocate for a first job after...
Question Help 0 A new employee charged $8490 on his credit card to relocate for his...
Question Help 0 A new employee charged $8490 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 15% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 3 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 3 years? b. How much total interest...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question Help A n w employee charged S 7640 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make...
3.a Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card...
3.a Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card charges him 24% interest annually compounded monthly. What will Tobyis' monthly payment be if he pays off the full amount in equal monthly payments over the next 4 years? Work: 3.b Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card charges him 24% interest annually compounded monthly but he can switch to a new lower interest rate card...
9. Credit Cards: a. If you have a balance of $1,245.00 on your credit card, how...
9. Credit Cards: a. If you have a balance of $1,245.00 on your credit card, how long will it take you to pay off the balance if you make $50.00/month payments until it is paid off? The APR is 19%. b. What will be your monthly payment on a credit card with a balance of $2,456.80, if you desire to pay it off in 2 years, at an APR of 23.99%? 10. A furniture company allows customers to purchase household...
Paolo is paying off a credit card with a current balance of $450. The interest rate...
Paolo is paying off a credit card with a current balance of $450. The interest rate on the card is 23%. The minimum monthly payment is $25, but he plans to make monthly payments of $45. He will not be using the card to accumulate further debt. Approximately how many months will it take to pay off the balance?
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
Michael has a credit card debt of $60,000 that has a 10% APR, compounded monthly. The minimum monthly payment only requires him to pay the interest on his debt. He receives an offer for a credit card...
Michael has a credit card debt of $60,000 that has a 10% APR, compounded monthly. The minimum monthly payment only requires him to pay the interest on his debt. He receives an offer for a credit card with an APR of 9% compounded monthly. If he rolls over his debt onto this card and makes the same monthly payment as before, how long will it take him to pay off his credit card debt?
16 Credit Card Offers Randy just cancelled his credit card with a large bank. A week...
16 Credit Card Offers Randy just cancelled his credit card with a large bank. A week later, a representative of the bank called Randy with an offer of a "better" credit card that will advance Randy $2,000 when he accepts it. Randy could not refuse the offer and several days later receives a check for $2,000 from the bank. With this money, Randy decides to buy a new computer. At the next billing cycle (a month later), the $2,000 advance...
n has been using his credit card too much . His o use only cash until...
n has been using his credit card too much . His o use only cash until the balance of $8574 e credit card company charges 18% compounded monthly. What is the effec t rate? How much interest will he owe e first month's payment? If he makes monthly is paid off. The car in th payments of $225, how long until it is paid ofl South Florida Contributed by Paul R. McCright, University of
Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent...
Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent compounded monthly. If Thom makes monthly payments of $105 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice Ο 40.00 months Ο 55.30 months Ο 63 81 months Ο 59.25 months Ο 12 πιο
Question Help 0 A new employee charged $8490 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 15% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 3 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 3 years? b. How much total interest...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question Help A n w employee charged S 7640 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make...
3.a Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card charges him 24% interest annually compounded monthly. What will Tobyis' monthly payment be if he pays off the full amount in equal monthly payments over the next 4 years? Work: 3.b Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card charges him 24% interest annually compounded monthly but he can switch to a new lower interest rate card...
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
16 Credit Card Offers Randy just cancelled his credit card with a large bank. A week later, a representative of the bank called Randy with an offer of a "better" credit card that will advance Randy $2,000 when he accepts it. Randy could not refuse the offer and several days later receives a check for $2,000 from the bank. With this money, Randy decides to buy a new computer. At the next billing cycle (a month later), the $2,000 advance...
n has been using his credit card too much . His o use only cash until the balance of $8574 e credit card company charges 18% compounded monthly. What is the effec t rate? How much interest will he owe e first month's payment? If he makes monthly is paid off. The car in th payments of $225, how long until it is paid ofl South Florida Contributed by Paul R. McCright, University of
Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent compounded monthly. If Thom makes monthly payments of $105 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice Ο 40.00 months Ο 55.30 months Ο 63 81 months Ο 59.25 months Ο 12 πιο
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