- E First Payment Second Payment Enter A Number 4 4 Homework May 113 Section 003 Summer 120221w Apr Calculator Ca 1 (55.47 KiB) Viewed 9 times
E- < first payment second payment Enter a number. 4.4 Homework-MAY 113, section 003 Summer 120221W.... APR Calculator Ca
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E- < first payment second payment Enter a number. 4.4 Homework-MAY 113, section 003 Summer 120221W.... APR Calculator Ca
E- < first payment second payment Enter a number. 4.4 Homework-MAY 113, section 003 Summer 120221W.... APR Calculator Calculating minimum payment. You have a credit card with an APR of 36%. The minimum payment is 10% of the balance. Suppose you have a balance of $800. You decide to stop charging and make only the minimum payment. Calculate the minimum payment for the first and second payments. (Be sure to take into account the finance charges. Round your answers to the nearest cent.) $ 80 $ 73.80 Submit Answer DETAILS /2 Points] PREVIOUS ANSWERS CRAUDQL3 4.4.012. PRACTICE ANOTHER You have a credit card with an APR of 36%. The card requires a minimum monthly payment of 5% of the balance. You have a balance of $9000. You stop charging and make only the minimum monthly payment. What is the balance on the card after eight years? (Round your answer to the nearest cent.) DETAILS x Month 1 Month 2 $ 813:33 Complete the following table. (Round your answers to the nearest cent.) Previous balance $900 M PREVIOUS ANSWERS 2.64/8 Points] CRAUDQL3 4.4.013. You have a credit card with an APR of 20%. You begin with a balance of $900. In the first month you make a payment of $500 and you make charges amounting to $400, In the second month you make a payment of $400 and you make new charges of $700. Payments webassign.net $ 500 $ 300 ✓ X www Purchases $ 400 $ 550 ✓ X C Finance charge $13.28 $ x MY NOTES 7 A MY NOTES G- New balance + $ 813.28 $ x PRACTICE ANOTHER