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1. Using an APR of 26%, find the finance charge on each: (a) A billing cycle of March 15-April 13, a carried over balance of
1. Using an APR of 26%, find the finance charge on each: (a) A billing cycle of March 15-April 13, a carried over balance of $1800, a payment of $1200 on March 26, and a new charge of $280 on April 4. (b) A billing cycle of January 20-February 12, a carried over balance of $2200, a charge of $340 on February 2, and a payment of $1280 on February 4 2. I want to deposit some of my recent inheritance, and want to have $36,000 in 10 years. I plan to use stock market index funds, which claim to average 10.5% gains per year. Assume it is compounded monthly. Find the amount I need to deposit two ways: (a) using A = P(1+ ..)", with negative time (b) using the TVM N= I%= PV= PMT= FV= P/Y= C/Y= 1. Using an APR of 26%, find the finance charge on each: (a) A billing cycle of March 15-April 13, a carried over balance of $1800, a payment of $1200 on March 26, and a new charge of $280 on April 4. (b) A billing cycle of January 20-February 12, a carried over balance of $2200, a charge of $340 on February 2, and a payment of $1280 on February 4 2. I want to deposit some of my recent inheritance, and want to have $36,000 in 10 years. I plan to use stock market index funds, which claim to average 10.5% gains per year. Assume it is compounded monthly. Find the amount I need to deposit two ways: (a) using A = P(1+ ..)", with negative time (b) using the TVM N= I%= PV= PMT= FV= P/Y= C/Y=
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