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

Author Question: On June 1st, Jared has a 1,500 beginning balance on his credit card. He decides to stop making ... (Read 74 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jun 24, 2018
On June 1st, Jared has a 1,500 beginning balance on his credit card. He decides to stop making charges on his card and work towards paying it off. His credit card has an APR of 18. Monthly periodic finance charges are calculated using the previous balance method. If Jared makes monthly payments of 150, how much will he owe in 6 months? How much will he have paid in periodic finance charges?

Question 2

Blake earns 3,200 each month. He pays 600 per month for housing, 300 per month for a car loan, and 150 per month in other debt payments. Find Blake's debt-to-income ratio to the nearest tenth of a percent.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 24, 2018
Answer to Question 1

705.75, 105.75

Answer to Question 2

32.8


naturalchemist

  • Member
  • Posts: 542
Reply 2 on: Jun 24, 2018
Excellent

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Salt and water balance in water-breathers. Salt and water balance in water-breathers.
Adrian Piper, My Calling (Card) #2 (for Bars and Discos). Adrian Piper, My Calling (Card) #2 (for Bars and Discos).
Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ... Gliding Phoenix. Beginning position: Legs straight and together, arms at sides of body. 1. Rise up ...
June 13 2023 June 13 2023
14 June 2023 14 June 2023
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library