A certain department store requires its credit-card customers to pay interest on unpaid bills at the rate of 18% per year compounded monthly. If a customer buys a television set for $500 on credit and makes no payments for one

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  1. 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 an otherwise identical

  2. Advanced Algebra

    The table summarizes the credit card debt Michael currently holds. Use this table to answer the question that follows. Credit Card Balance APR Minimum Payment Total Interest Paid Number of Months to Pay off Home Improvement Card $2,500 23.4% $100 $2,095

  3. 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 late fee. They are

  4. Math

    Katherine uses her credit card to purchase a new television for $709.15. She can pay off up to $350 per month. The card has an annual rate of 25.7% compounded monthly. How much will she pay in interest?

  5. Math

    A certain department store requires its credit-card customers to pay interest on unpaid bills at the rate of 18% per year compounded monthly. If a customer buys a television set for $500 on credit and makes no payments for one year, how much is owed at the

  6. Statistics

    A major department store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store in the mall. Fifteen credit card accounts were randomly sampled and analyzed with the following

  7. Math

    Yvonne bought a new computer and printer for college. The total cost was $2500, which she put on her new credit card that has an interest rate of 13.5%. She makes a $75.00 monthly payment. How many months will it take to pay off the credit card balance? I

  8. Math

    Yvonne bought a new computer and printer for college. The total cost was $2500, which she put on her new credit card that has an interest rate of 13.5%. She makes a $75.00 monthly payment. How many months will it take to pay off the credit card balance? I

  9. math

    What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment

  10. MATH

    Levi would like to use a credit card to make a $3000 purchase. He is considering two credit options. The first requires a down payment of $1000 followed by monthly payments of $125. The second requires a down payment of $1300 followed by monthly payments

  11. accountig

    Continuing Cookie Chronicle 1 Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 7.) CCC8 One of Natalie’s friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares

  12. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

  13. economic

    You have a credit card that charges 18% per year interest or 1.5% per month. You buy a TV for $1100 on the credit card, but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month.

  14. math

    nick has a revolving store credit card account an annual percentage rate of 15%.last months balance was 423.78.during the current month, he purchase totaling 123.42 and made a payment of 100.the store uses the unpaid balance method.what is the amount of

  15. statistics

    On the average five customers visit a children department store each hour. Using Poisson distribution, calculate the probability of three customers shop at the store.

  16. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

  17. Statistics

    A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new

  18. 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, find the finance charge

  19. consumer math

    You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you save by paying at the beginning of the month versus at the end of the month? second part: Imagine you put the $300 in a savings

  20. Accounting

    The following is an excerpt from a conversation between the office manager, Mark Cottman and the president of Horowitz Construction Supplies, Co., Rosa Mullin. Horowitz sells building supplies to local contractors. Mark: Rosa, we’re going to have to do

  21. algebra

    i need help writing this out.. You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if you only put half of the

  22. english

    Choose the sentence that would make the best topic sentence in a paragraph on credit cards. A. The interest rate can jump to nearly 60 percent per year. B. Students should watch out for unexpected fees when they get a credit card. C. Some banks start

  23. English

    I had to rewrite sentences so that there were no longer fragments are they correct? 1. The idea of a credit card first appeared in 1887, according to Lawrence M. Ausbel, author of “Credit Cards,” in the McGraw- Hill Encyclopedia of Economics. 2.

  24. Computers

    Develop a use case diagram for a department store credit card system. Include at least two actors and four use cases.

  25. 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 interest on the balance that

  26. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

  27. Finance

    Due to poor spending habits, Bryant has accumulated $5,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 16.75 percent! If he pays $200 per month on the card, in total, how much interest expense does

  28. economics

    What are the advantages and disadvantages of using a credit card? The good: Don't need to cary cash. Can buy needed goods on credit when you otherwise wouldn't be able to. The bad: Usually you pay high interest until the balance is zero. Most people are in

  29. finanance

    2. You charged $ 1,000 on your credit card for Christmas presents. Your credit card company charges you 16 % annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take [to the nearest month] top pay off

  30. math

    What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment

  31. 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 interest on the balance that

  32. math

    Which is an advantage of using a credit card over a debt card? A. You must have enough money in your account to cover your purchases. B. You don’t have to carry cash. C. Used responsibly, it can help build a positive credit history. D. You pay interest

  33. Statistics

    Customers at a Publix grocery store in Charleston, South Carolina, can pay for purchases with cash, a debit card, or a credit card. Fifty-five percent of all customers use cash and 38% use a debit card. Careful research has shown of those paying with cash,

  34. com155

    Having a credit card could get someone into much trouble if it is not used responsibly. I personally have nightmares when it concerns credit cards. I do not like paying interest on something when it is not necessary. I learned how to use credit cards the

  35. 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, find the finance charge

  36. math 101

    Stacey has a $8,000 balance on her credit card that has an interest rate of 21%, compounded monthly. (a) If she decides to pay it off over 5 years with equal monthly payments, how much should each payment be? (b) How much interest will Stacey pay to the

  37. Math

    I need help with this problem. Jason's credit cards beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of groceries. Credit card charges 24% annual percentage rate

  38. math

    Calculate the interest due on the following credit card balances: A) An unpaid balance of $1629.53 at a rate of 19.50% for 21 days B) An unpaid balance of $2639.99 at a rate of 22.95% for 30 days.

  39. Math

    Calculate the interest due on the following credit card balances: A. An unpaid balance of $1629.53 at a rate of 19.50% for 21 days; and B. An unpaid balance of $2639.99 at a rate of 22.95% for 30 days.

  40. comp

    Can u help me identify in my paragraph all the pronouns used by italicizing them, bold each adverb, and underline each adjective and use parenthesis for at least three comparatives and three superlatives? My friend said that she was never going to get a

  41. statistic

    A survey was made of 100 customers in a department store. 70 of the customers indicated they visited the store because of a newspaper advertisement. The remainder had not seen the ad. A total of 40 customers made purchases; of these customers, 30 had seen

  42. composition and communication 1

    Indiviuals can be denied credit for a number of reasons, Individuals who are near limit on existing cards, have to much outstandind debt or too many accounts overall, have a history of a late payments, charge off or bankruptucy are likely to be denied

  43. English

    We have several beautiful places here in Busan. I would like to intorduce two of them. One is Shinsege Department Store. Many people visit the department store to buy things. The sidewalks near the department store is crowded with people. There is a

  44. Statistics Help Please

    A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new

  45. Statistics

    A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new

  46. Computer science

    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 interest on the balance that

  47. Interest

    It’s time to go shopping! You grab your Best Purchase credit card, which has an annual interest rate of 18%. The unpaid balance on your card for the current billing cycle is $285.76. On your shopping trip, you purchase four items: a Blu-ray player, two

  48. business math

    1. Ling has received been approved for a Visa credit card with a $2000 credit limit, however he has not charged that much since opening the account. On April 24, he discovers a monthly statement from March that had accidentally slid down between his desk

  49. Math

    1. Ling has received been approved for a Visa credit card with a $2000 credit limit, however he has not charged that much since opening the account. On April 24, he discovers a monthly statement from March that had accidentally slid down between his desk

  50. math

    Need help with math problem. Tom has an unpaid balance of $2,115.75 on his credit card statement at the beginning of June. He made a payment of $85.00 during the month. If the interest rate on Phil's credit card was 11% per month on the unpaid balance,

  51. Math

    David would like to buy a laptop computer and save 20 percent during sale. He uses his credit card to pay for it. David is counting on getting a lot of money in graduation presents from his parents' business associates. David knows that his credit card

  52. math

    Question 12.12. 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, find the

  53. 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, find the finance charge

  54. 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 only the minimum amount

  55. 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 only the minimum amount

  56. business math

    . Jason’s credit card’s beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of grocery. Credit card charges 24% annual percentage rate and uses the unpaid balance

  57. Economics

    You have a credit card that charges 18% per year interest or 1.5% per month . You buy a tv for $1000 on the credit card but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month.

  58. Math

    Im stuck on these multiply choice questions for math. Please help. It's due tomorrow!! Question 1- Bob received a credit card statement that has a new balance of $786.75 and a minimum payment of $25.60. Bob makes only the minimum payment. He makes no other

  59. Finance

    Nick has a revolving department store credit card account 15%. Last month balance on the account was $423.78. During the current month, he made purchases totaling $123.42 and made a payment of $100. The store uses the unpaid balance method. According to

  60. comm 155

    Describe your experience with credit and credit cards in a brief paragraph using at least five adverbs and five adjectives in your description. Bold the adverbs and underline the adjectives. What is the most effective way to determine whether a word is an

  61. math

    Nick has a revolving department store credit card account with an annual percentage rate of 15%. Last month’s balance on the account was $423.78. During the current month, he made pur- chases totaling $123.42 and made a payment of $100. The store uses

  62. math

    Nick has a revolving department store credit card account with an annual percentage rate of 15%.Last month's balance on the account was 423.78.During the current month,he made purchases totaling 123.42 and made a payment of 100.00.The store uses the unpaid

  63. com156

    courses per year the total comes to $8,760. With this information financial aid does not begin to cover my tuition for a year. The only other option I have is to apply for a student loan, scholarship, or a credit card. There’s a downside to using a

  64. Math

    our credit card has a balance of ​$5800 and an annual interest rate of 18 ​%. 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

  65. math

    nick has a revolving department store credit card account with an annual percentage rate of 15% last month's balance on the account was $423.78 during the current month he made purchases totaling $123.42 and he made a payment of $100.00 the store uses the

  66. Math

    Hak Young is tired at the end of the semester and decides he really needs a break so he pays for a one week all-inclusive trip to Disney Land with his credit card. In total the trip cost $3000 and his credit card charges 21% interest compounded monthly. He

  67. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead is a constant amount

  68. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead is a constant amount

  69. math

    Mr. Chang and his wife together had an unpaid balance of $500 on their credit cards for one month. THe bank that issued Mr. Chang's credit card charges an intrest rate of 1.25% a month and his wife's interest is 1.5 per month. If the total interest finance

  70. math

    if john had an unpaid balance of $1,854.80 on his credit card statement at the beginning of the month and he made a payment of $45.00. If the interest rate of john's card wasw 2.5% on the unpaid balance per month. find the finance charge and the new

  71. Math

    The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve for the interest rate of

  72. com155

    If I could get some help on the adverbs and adjectives in the following paragraph I wrote. I personally did not have any credit cards for a very long time. In the past I have had more then I needed and found them to just cause me problems. I was young and

  73. Maths

    Jason’s credit card’s beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of grocery. Credit card charges 24% annual percentage rate and uses the unpaid balance

  74. Kennedy King

    Present Value of an Annuity Sandra and Regina earn the same salary. However, Regina has been far more financially responsible. She pays her bills on time and pays off her credit card debt quickly. Sandra had been less financially responsible. She often

  75. Finance

    Present Value of an Annuity Sandra and Regina earn the same salary. However, Regina has been far more financially responsible. She pays her bills on time and pays off her credit card debt quickly. Sandra had been less financially responsible. She often

  76. math

    Noah has just graduated high school and has some credit card offers! The first credit card (Credit Card A) charges 18% compounded semi-annually. The second credit card (Credit Card B) charges 19% compounded monthly. The third credit card (Credit Card C)

  77. comm 155 continued

    I following is a paragraph regarding my experience with credit cards. I now need to bold the nouns and pronouns and underline the verbs. I do not know why, but I am having a hard time with this. Any help please. When I was 18, I received my first credit

  78. math 11

    Calculate the interest due on the following credit card balances. a)An unpaid balance of $1623.53 at a rate of 19.50% for 21 days. b)An unpaid balance of 2639.99 at a rate of 22.95% for 30 days.

  79. Math

    Bailey uses his credit card to purchase accessories for his classic car. The only purchase he will make on his credit card is for the $3000 worth of accessories. He has a credit limit of $5000 with a 55-day interest-free period and interest of 17.65% p.a.

  80. Credit Cards

    the credit card company will: -charge interest on remaining bill -send u another bill -ur credit card will be cancelled -add montly fee If u don't pay ur entire balance each month. I chose 1st one, is it correct?

  81. Math help please

    I know I asked this question but i didnt get a answer.I really need help, thank you so so much credit card (Credit Card A) charges 18% compounded monthly. The second credit card (Credit Card B) charges 18% compounded semi-annually. The third credit card

  82. 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 semi-annually. The third credit card (Credit Card C)

  83. Writing

    Please help.. Did i identify all of the adverbs and adjectives in the following? I personally did not have any credit cards for a very long time. In the past, I have had more then I needed and found them only causing me problems. I was young and not very

  84. com155

    can you show me if the words in bold are the pronouns in the following sentences and what kind of pronoun they are? My mom and I were discussing her credit card statement over the phone yesterday. She was upset at how high her bill was. She has a 12.5%

  85. math

    john had an unpaid debt of $1,177.79 on a credit card at the beginning of the month. He made a payment of $430.00 and made purchases of $366.02 during that month. If the interst rate of john's credit card was 4.5% per month on the unpaid balance,find his

  86. Finance

    You buy some furniture for $600. The department store offers you “no interest for 8 months” after which you can pay the $600 in one lump sum. To take advantage of this deal, the store charges a $25 service fee, which is to be paid today. What rate of

  87. math

    gayle has a credit card with $500 balance on it and a 19% interest rate. If she wants to pay off her card in two years, what will her monthly payments be?

  88. grammar

    i am having a hard time figuring out the adverbs and adjectives in my paragraph, can anyone help me with this? A few years ago, I had filled out an application for a credit card from capital one. I was accetped and given a spending limit of 300 dollars. I

  89. Math

    Determine the total amount of interest you will pay over the next 3 months on a credit balance of $725 if your credit card has an annual interest rate of 18% and you make monthly payments of 10% of the amount due, rounded to the nearest dollar.

  90. Math

    Aaron had an unpaid balance of $1,177.79 on his credit card statement at the beginning of April. He made a payment of $430.00 during the month, and made purchases of $366.02. If the interest rate on Aaron's credit card was 4.5% per month on the unpaid

  91. banking

    If 6 percent of all credit card charges never get paid, and total credit card charges last year were $750 billion, what was the total amount of unpaid credit card charges last year?

  92. Intermediate Algebra

    Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest rate on the credit card.

  93. Algebra

    Susan charges twice as much money on credit card with a 7.5% annual interest rate as she does on a card with 6% interest. If her total interest after 1 year is $840, how much did she charge on each card?

  94. Com 155

    I following is a paragraph regarding my experience with credit cards. I had to use least five adverbs and five adjectives in my paragraph. I have to bold the adverbs and underline the adjectives, the only problem is I am having a hard time figuring out

  95. math

    The unpaid balance of Dave's credit card is $295, and the finance charge is 4%; what is the new balance of the credit card including Dave's additional purchase of $75? A) $382.80 B) $381.80 C) $ 306.80 D)$ 370 IS A?THANK YOU:)))

  96. comm

    i need help identify adjectives and adverbs:My dad added me as an extra card holder on his credit cards. I was very excited that I could purchase products now and pay for them later. I didn’t realize how much money I was spending. He came over to my

  97. Business Ms.Sue

    Paul Smith is opening a plumbing supply store in University City .He plans to sell plumbing parts and material to both wholesale and retail customers. Since contactorors prefer to charge parts and materials and pay at the end of the month, Paul expects he

  98. math

    How much interest will I owe if I put $10000 on my credit card, with 12% interest, and not pay anything for 4 months?

  99. English

    Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. · Use at least five different pronouns in your sentences. Please let me know if I have done this correctly. While away at

  100. Borrowing money

    Derek used her credit card to buy a hay ride for him and his friends. The ride cost $500 plus 5% GST. He did not pay his bill within the grace period and must pay interest on his bill. The interest rate is 15% compounded daily from the date of purchase. A)

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