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 30 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
:D TYSM

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

An example of sodium balance achieved by the coordinated actions of three hormones. An example of sodium balance achieved by the coordinated actions of three hormones.
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ... Storage devices (A) External hard-disk drive (B) USB drive (C) Memory card (D) Optical disc (DVD) ...
The correct beginning position for the patient’s feet and crutches (tripod position). The correct beginning position for the patient’s feet and crutches (tripod position).
Which of the buffers below would be the BEST choice for making a solution capable of buffering ... Which of the buffers below would be the BEST choice for making a solution capable of buffering ...
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library