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 253 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?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Gently squeeze the tissues along the eyebrow line between your thumb and forefinger. Begin at the ... Gently squeeze the tissues along the eyebrow line between your thumb and forefinger. Begin at the ...
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library