Question

Assume you have a balance of 4,800 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. The credit card APR is 23% and you want to pay off the balance in 3 years.

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.Assume you have a balance of $6,400 on your credit card that
you want to pay off. Calculate your monthly payment and total
payment under the given conditions. Assume you make no additional
charges to the card. 2) The credit card APR is 24 % and you want to
pay off the balance in 3 years.

assume you have a balance of $3200 on your credit card you want to
pay off. calculate your monthly payment and total payment under the
given conditions. assume uou makw no additional charges to the
card.
the
credit card apr is 19% and you want to pay off the balance in 2
years

3. Suppose that on January 1 you have a balance of $3200 on a
credit card whose APR is 19%, which you want to pay off in 11year.
Assume that you make no additional charges to the card after
January 1.
a. Calculate your monthly payments.
b. When the card is paid off, how much will you have paid since
January 1?
c. What percentage of your total payment from part (b) is
interest?

You spent $2,013 on Christmas gifts and put the purchases on
your credit card. Your credit card has a 14.57% APR compounded
monthly. If you want to pay off your credit card balance in 24
months, the first payment next month, how big are the monthly
payments? Calculate your answer to two decimal places (e.g.
55.93)

You spent $2,588 on Christmas gifts and put the purchases on
your credit card. Your credit
card has a 16.84% APR compounded monthly. If you want to pay off
your credit card balance
in 15 months, the first payment next month, how big are the
monthly payments?
Calculate your answer to two decimal places (e.g. 55.93)

Suppose that on January 1 you have a balance of $2700 on a
credit card whose APR is 14%,
which you want to pay off in 1 year. Assume that you make no
additional charges to the card after January 1.
a. Calculate your monthly payments.
b. When the card is paid off, how much will you have paid since
January 1?
c. What percentage of your total payment from part (b) is
interest?
a. The monthly payment is
??...

1.) Suppose that on January 1 you have a balance of$4200 on a
credit card whose APR is 13%,which you want to pay off in 1 year.
Assume that you make no additional charges to the card after
January 1.
a. Calculate your monthly payments.
b. When the card is paid off, how much will you have paid since
January 1?
c. What percentage of your total payment from part (b) is
interest?
-------------------------------------------------------------------------------------------------
a. The monthly payment is what?...

Math210:
1.) Suppose that on January 1 you have a balance of$5200 on a
credit card whose APR is 14%,which you want to pay off in 1 year.
Assume that you make no additional charges to the card after
January 1.
- Calculate your monthly payments.
- When the card is paid off, how much will you have paid since
January 1?
- What percentage of your total payment from part (b) is
interest?
a. The monthly payment is what...

Your credit card charges an APR of 29% on your balance. Interest
is compounded on a daily basis, 365 days a year. If you made the
minimum payment of $150 per month on your credit card balance, how
long will it take you to pay off a $5,000 balance?
Multiple Choice
6.61 years
35.73 years
2.98 years
5.82 years
9.56 yearsYour credit card charges an APR of 29% on your balance.
Interest is compounded on a daily basis, 365 days...

You have a balance of $22,800 on your current credit card. The
interest rate charged by this credit card is 19.8 percent
compounded monthly. You plan to make monthly payment of $450. You
just got an offer from another credit card to transfer your entire
balance to the new card. The new credit card charges interest rate
of 4.8 percent compounded monthly. By how many months will you
shorten the length of time it will take you to pay off...

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