Tuesday
June 18, 2013

# Posts by MONICA

Total # Posts: 405

ALGEBRA
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.) \$500 balance, 20% rate, \$50 payment, previous bal...

ALGEBRA
Thanks Lee

ALGEBRA
If the principal P = \$900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest? What is the future value? Ok found I think I found the interest 900x0.075=67.50 is this correct.Now I need help in finding the future value.

ALGEBRA
Thanks,drwls I see where I made a mistake with the 0.95 but where did the 240 come from.

ALGEBRA
Find the ending balance in an account that opens with \$3,180, earns 11.5% interest compounded monthly, and is held for 20 years. (Round your answer to the nearest cent.) B=p(12+r)^n B=3,180(12+0.95)^20 B=1,759.52 Is this correct if not, can someone help me with the steps.

ALGEBRA
Find the amount of interest and the monthly payment for the loan. Purchase a living room set for \$3,400 at 12% add-on interest for 4 years. (Round your monthly payment to the nearest cent.) interest-\$192.00 per month -\$12.33 is this correct

ALEGEBRA
Thanks!

ALEGEBRA
ok well do not respond. I just need the steps even if it is with different numbers.THANKS WRITEACHER

ALEGEBRA
If you purchase an item for \$1,232 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)

ALGEBRA
If the principal P = \$900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest? What is the future value?

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