Calculate the monthly finance charge for the 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. $500 balance, 17%, $50 payment previous balance method,

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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. 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

  3. Statistics

    At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in their own name, and 23% reported that they had at least one credit card in their own

  4. math

    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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  5. mathematics

    Kayla has a balance of $1479 on her credit card. Since she is unable to pay off the balance in full at the end of the month, the credit card company will charge her 2% interest per month on the outstanding balance at the end of each month. She plans on

  6. fiances

    Calculate the monthly finance charge for the 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. $500 balance, 17%, $50 payment previous balance method, adjusted balance

  7. mathematics

    Kayla has a balance of $1479 on her credit card. Since she is unable to pay off the balance in full at the end of the month, the credit card company will charge her 2% interest per month on the outstanding balance at the end of each month. She plans on

  8. 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.

  9. Algebra w/Applications

    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.) $3,000 balance, 21% rate,

  10. Probability - PLEASE HELP

    From industry statistics, a credit card company knows that 0.8 of its potential card holders are good credit risks, and 0.2 are bad credit risks. The company uses discriminant analysis to screen credit card applicants and determine which ones should

  11. finance charges

    Calculate the monthly finance charge for the 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 answers to the nearest cent.) $500 balance, 17%, $50 payment (a)

  12. math

    average daily balance . find the credit card finance charge for the month of august (31 days) the annual interest rate is 18% July 31 balance $510 August 9 charge $86 August 10 payment $390 August 22 charge 147 August 27 charge $14

  13. 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

  14. math

    Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down

  15. 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

  16. Mathematics

    I really need help with these three questions. Thank You. 1. Calculate the finance charge and new balance using the previous balance method. Previous balance = $179.32 Annual rate = 16% Finance charge $ ? New purchases = $117.42 Payments/credits = $85.00

  17. 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)

  18. Math - Credits & finance charges

    On the May 1 billing date, Mary had a balance due of $970.60 on her credit card. The transactions during the following month were: May 5 Payment $400.00 May 10 Charge: airline tickets $381.00 May 22 Charge: hotel $270.60 May 25 Charge: florist $60.20 The

  19. com 155

    Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. This interaction may be imagined or real. Before going to college my son got (his) first credit card. (He) now has (himself) in a

  20. 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

  21. Business math

    what the rebate of the finance charge and payoff would be if the pickup truck loan were paid off after 27 months instead of 60. Total of monthly payments 60 x 194.38. I don't know how to get the total finance charge

  22. math

    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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  23. Math

    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

  24. 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

  25. 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.) $300 balance, 18% rate, $250

  26. Math Homework

    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.) $3,000 balance, 21% rate,

  27. Math Homework Help Please

    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.) $3,000 balance, 21% rate,

  28. math

    finance charges Calculate the monthly finance charge for the 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 answers to the nearest cent.) $500 balance, 17%,

  29. Maths - check answer

    On the May 1 billing date, Mary had a balance due of $970.60 on her credit card. The transactions during the following month were: May 5 Payment $400.00 May 10 Charge: airline tickets $381.00 May 22 Charge: hotel $270.60 May 25 Charge: florist $60.20 The

  30. Math

    A credit card company charges 1.5% interest per month (that is 18% per year). On a balance of $1448.00, calculate this month's finance charge

  31. 1o math

    Scott charged a $568 purchase on his credit card. The first month he paid $200. The second month's statement included a 1.75% monthly finance charge, computed on the unpaid balance method. What was the total amount due on the second statement?

  32. 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,

  33. com

    Can you please identify the adverbs and adjectives in the following paragraph. Having credit cards could get some people into serious debt. I had a credit card at one time. I learned the hard way about using credit cards. I was using it for anything and

  34. 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

  35. consumer math

    Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down

  36. 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

  37. 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

  38. Math

    1. You have two credit cards. Credit card 1 has a balance of $7,512.33 with an APR of 21.25% and limit of $10,000. Credit card 2 has a balance of $623.34 with an APR of 24.15% and limit of $7,500. In your own words, which credit card should you focus on

  39. Advanced Algebra

    James owes $6,927 on a credit card with a 19.5% interest rate. What is the monthly payment he should make to pay off this debt in 12 months, assuming he does not charge any more purchases with the card? a-$1531.34 b- $577.25 c-$124.82 d- $640.02 My answer

  40. math 20 (finance)

    Can someone walk me through how I would enter this into the calculator TMV solver. Can it be done? Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes

  41. Social studies

    The regulations help creditworthiness people obtain charge accounts loans mortgages and other kinds of credit by not allowing creditors to treat applicants unfairly. But the regulations do not guarantee the applicant credit. Creditors may still determine

  42. 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

  43. 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

  44. Math

    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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  45. 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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  46. 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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  47. math

    Calculate the monthly finance charge for the 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 Balance: $200 Rate: 18% Payment: $50 Method: Adjusted balance

  48. 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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  49. 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. Assume 365 days in a year. (Round your answer to the nearest cent.)

  50. 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, $400

  51. math

    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, $400

  52. 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.) $300 balance, 18% rate, $250

  53. math

    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, $400

  54. math

    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.) $300 balance, 18% rate, $50

  55. 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

  56. math

    calculate the monthly finance charge for the 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 answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A)

  57. math

    calculate the monthly finance charge for the 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 answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A)

  58. math

    calculate the monthly finance charge for the 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 answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A)

  59. math

    calculate the monthly finance charge for the 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 answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A)

  60. algebra

    Calculate the monthly finance charge for the 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 answers to the nearest cent.) $300 balance, 18%, $50 payment (a)

  61. Math

    Calculate the monthly finance charges 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. $500 balance, 20% rate, $400 payment, average daily balance method.

  62. Finance

    Calculate the monthly finance charge for the 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 answers to the nearest cent.) $200 balance, 14%, $50 payment (a)

  63. 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

  64. 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

  65. 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)

  66. Math - Credits & finance charges

    On the May 1 billing date, Mary had a balance due of $970.60 on her credit card. The transactions during the following month were: May 5 Payment $400.00 May 10 Charge: airline tickets $381.00 May 22 Charge: hotel $270.60 May 25 Charge: florist $60.20 The

  67. 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

  68. COM/155

    •Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. •Use at least 5 different pronouns. I think these sentences are correct. They should include the necessary five diferent

  69. 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

  70. 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

  71. Maths

    On the May 1 billing date, Mary had a balance due of $970.60 on her credit card. The transactions during the following month were: May 5 Payment $400.00 May 10 Charge: airline tickets $381.00 May 22 Charge: hotel $270.60 May 25 Charge: florist $60.20 The

  72. MATH

    Calculate the interest on a $1700 credit card bill that shows a 22% APR, using the average daily balance method. Assume you sent a payment of $375 on the first day of a month that has 30 days and it takes 5 days for this payment to be received and

  73. caluculating the interest! please help

    Calculate the interest on a $1700 credit card bill that shows a 22% APR, using the average daily balance method. Assume you sent a payment of $375 on the first day of a month that has 30 days and it takes 5 days for this payment to be received and

  74. Social studies

    The regulations creditworthiness people obtain charge accounts, loans, mortgages, and other kind of credit by not allowing creditors to treat applicants unfairly. But the regulations do not quarantee the applicant credit. Creditors may still determine

  75. 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:)))

  76. What is math

    a credit card account has $650 balance on May 5. A purchase of $321 was made on May 14 and a payment was made on May 22 of $500. The next billing date is June 5. A. What is the average daily balance? B. If the monthly interest is 1.5% what is the finance

  77. Statistics

    Let's say that your average monthly charge is normally distributed with a mean of $500 and a standard deviation of $100. The credit card company will call anytime your purchases for the month exceed the 99th percentile. What is the dollar amount beyond

  78. linear algebra

    The outstanding balance on Peter's credit card account is 4730 dollars. The bank issuing the credit card is charging 19.3 percent of interest per year compounded monthly. If Peter decides to pay off his balance in equal monthly installments at the end of

  79. Math

    The outstanding balance on Bill's credit card account is 3690 dollars. The bank issuing the credit card is charging 21 percent of interest per year compounded monthly. If Bill decides to pay off his balance in equal monthly installments at the end of each

  80. Math

    Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $50.00 finance charge. What is the APR on his loan? The down payment is $ The amount

  81. 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

  82. 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

  83. math

    Find the finance charge on a credit card with an average daily balance of $465 if the rate charged is 1.25%.

  84. 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

  85. mathematics

    Gina bought a $900.00 couch using her credit card. Her credit card had a 20.5% interest rate. What was the difference of her costs of credit if she paid the couch out over 12 months instead of 9 months? The cost of credit is the amount that a person pays

  86. 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

  87. Math

    The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will cost them $13,700. The manager has determined that they can afford to pay 10% of the cost of the machine in cash. They can then

  88. english

    Can someone check my homework please, I have to write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. I have to at least write five different pronouns, adverbs, and adjectives in the

  89. 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

  90. 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

  91. personal finance

    Chloe has a $2,500 credit limit on her credit card and has charged $1,295.19 to her account. There is a 1.5% finance charge on the $1,295.19. How much must Chloe pay to clear her account?

  92. math

    Burt has an outstanding balance of $235.86 on his credit card account. What is the finance charge for the month if it is calculated at 1.75% per month?

  93. 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

  94. Finance

    As a college student, you probably receive many credit card offers in the mail. Consider these two offers. The first card charges a 17 percent APR. An examination of the footnotes reveals that this card compounds monthly. The second credit card charges

  95. Statistics - Help!

    I really really need help with this. Can someone please look at it and let me know. At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in

  96. math

    A bank offers a 24-month installment loan with an APR of 10%. Alicia wishes to use the loan to finance a sailplane for $42,800. After first using Table 13-1 to find the finance charge, calculate the monthly payment.

  97. Math

    Your credit card has a balance of $1000 and an interest rate of 21%. Each month you make the minimum requirement of $20. During January 10 through February 9 billing period you pay the minimum required payment on january 25th. find the average daily

  98. 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

  99. 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

  100. Algbra

    Marsha must have surgery and she does not have the $2,700 cash necessary for the operation. Talking to an administrator at the hospital, she finds that it will accept MasterCard, VISA, and Discover credit cards. All of these credit cards have an APR of

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