This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You have a 22,500 line of credit which charges an annual percentage rate of prime rate plus 5. Your ... (Read 145 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
You have a 22,500 line of credit which charges an annual percentage rate of prime rate plus 5. Your starting balance on April 1 was 6,750. On April 5, you made a payment of 2,500. On April 14, you borrowed 5,100, and on April 17, you borrowed 3,800. If the current prime rate is 8, what is your new balance?
 A) 15,885.12
  B) 13,250.17
  C) 13,150.14
  D) 14,699.54

Question 2

Solve the equation for the unknown: 12(5Q + 20 ) = 480


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

4


B

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 24, 2018
Thank you :)


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Effects of growth rate on development. Effects of growth rate on development.
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
How to find the slope of a line using any two points How to find the slope of a line using any two points
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Video: Genetics of Cancer

For a complete list of videos, visit our video library