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

Author Question: Caprice buys a painting on his credit card for $14 990. She pays her credit card in full 3 days ... (Read 521 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jun 6, 2019

Question 1

Leonard buys a painting on his credit card for $14 990. He pays his credit card in full within the grace period of 11 days using his secured line of credit, which charges him prime (3%) plus 1%. He repays his loan in 168 days. If his credit card company charges him a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?
◦ $402.47
◦ $0
◦ $275.98
◦ $126.49
◦ $206.99

Question 2

Caprice buys a painting on his credit card for $14 990. She pays her credit card in full 3 days after the grace period of 11 days using her secured line of credit, which charges her prime (3%) plus 1%. She repays her loan in 168 days. If her credit card company charges her a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tnt_battle on Jun 6, 2019

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 6, 2019
Thanks


gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 6, 2019
Welcome :)


Lamp light

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Feb 5, 2022
Thank you


Anmol Babbar

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Feb 7, 2022
Thank you


Gurnoor Kaur

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Feb 8, 2022
Thank u


« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

(a) Yucca baccata in full flower; (b) a Yucca moth, Tegeticula planella, ovipositing on a Yucca flow (a) Yucca baccata in full flower; (b) a Yucca moth, Tegeticula planella, ovipositing on a Yucca flow
Cave painting from Lascaux Cave painting from Lascaux
Memory card Memory card
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
After adjusting the valves that are closed, rotate the engine one full rotation until the engine ... After adjusting the valves that are closed, rotate the engine one full rotation until the engine ...
Annual Mean Number of Days with Thunder Annual Mean Number of Days with Thunder
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library