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 246 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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Injecting an IV push (bolus) medication; B, into a primary infusion line Injecting an IV push (bolus) medication; B, into a primary infusion line
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ... An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ...
How to find the midpoint of a line segment How to find the midpoint of a line segment
Find the curved line Find the curved line
Waiting in line for a photocopier Waiting in line for a photocopier
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library