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

Author Question: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. Suppose your ... (Read 103 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Feb 2, 2020
Use  PMT = to determine the regular payment amount, rounded to the nearest dollar.

Suppose your credit card has a balance of $6500 and an annual interest rate of 14%. You decide to pay off the balance over three years. If there are no further purchases charged to the card,
  (a) How much must you pay each month?
  (b) How much total interest will you pay?
Now suppose decide to pay off the balance over one year rather than three.
  (c) How much more must you pay each month?
  (d) How much less will you pay in total interest?
◦ (a) $231
(b) $604
(c) $361 more per month;
(d) $1212 less in total interest
◦ (a) $222
(b) $508
(c) $362 more per month
(d) $984 less in total interest
◦ (a) $222
(b) $1492
(c) $362 more per month
(d) $984 less in total interest
◦ (a) $231
(b) $1816
(c) $361 more per month;
(d) $1212 less in total interest
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by JMatthes on Feb 2, 2020

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Feb 2, 2020
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 32% of students answer this correctly


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Feb 2, 2020
Gracias!

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

There are more bacteria in your mouth than there are people in the world.

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?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Behavior modification has been useful in raising the amount of social responding by children with ... Behavior modification has been useful in raising the amount of social responding by children with ...
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
How to determine if a quadratic equation has a maximum or minimum when given the roots How to determine if a quadratic equation has a maximum or minimum when given the roots
How to determine the x- and y- intercepts of a linear equation How to determine the x- and y- intercepts of a linear equation
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library