finance
 👍
 👎
 👁
Respond to this Question
Similar Questions

finance
You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay minimum monthly payment only. You are required to pay only the outstanding interest. You have received an offer in the mail for

consumer math
1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a

Math
The Bennetts spend $10,000.00 on a home improvement project. They make the purchase with a credit card that has a 9% APR. They decide to make $150.00 monthly payments. How many months will it take to pay off the credit card

math
. The bank statement of July 31 for Walgreens showed a balance of $6,008.10, and the checkbook showed a balance of $1,900.40. The bookkeeper of Walgreens noticed from the bank statement that the bank had collected a note for

Math
Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $784.19. Find the new balance if Kimberly's account showed the following activity. (Use the unpaid balance method)

Math
Noah has just graduated high school and has some credit card offers! The first credit card (Credit Card A) charges 18% compounded monthly. The second credit card (Credit Card B) charges 18% compounded semiannually. The third

math
Tyler buys a stereo system for $1200, and pays for it using a credit card. This particular card charges 1.5 percent monthly interest on the unpaid balance, and requires a minimum payment of $20 each month. Suppose that Tyler pays

personal finances
If creditors add finance charges after subtracting payments made during the billing period, this is called the: A. APR method. B. average daily balance method. C. previous balance method. D. adjusted balance method. its not A or D

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging

business math
John has a credit card with a 18% rate and uses the average daily balance method. His average daily balance was $285.26, he made $6483.76 in purchases and paid $538.08. His previous balance was $367.69. What is his new balance?

math
Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance,

math
Phil had an unpaid balance of $1,854.50 on his credit card statement at the beginning of December. He made a payment of $45.00 during the month. If the interest rate on Phil's credit card was 2.5% per month on the unpaid balance,
You can view more similar questions or ask a new question.