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1. Using an APR of 22%, find the finance charge on each: (a) A billing cycle of September 12 to October 12, a carried over
1. Using an APR of 22%, find the finance charge on each: (a) A billing cycle of September 12 to October 12, a carried over balance of $1600, a charge of $520 on September 25, and a payment of $2200 on September 30. (b) A billing cycle of February 20 to March 22, a carried over balance of $4100, a payment of $1200 on February 26, a charge of $250 on March 2, and another payment of $1900 on March 8 2. I have a deposit of $9000 which I put into a treasury bond paying 3.4% interest compounded annually. How much money will I have after 16 years? Calculate it two ways: (a) using A = P(1+1), (b) using the TVM N= 1% PV= PMT= FV= P/Y= C/Y=
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