Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7. (-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 on your Discover credit card and
7. (-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 on your Discover credit card and that you make no more charges. Assume that Discover charges 21 APR and moreach month you only minimum payment of all of the balance What will the balance be after 28 months? (Round your answer to the nearest cent) Sunt Answer 8. 1-/1 Points DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $3500 on your Discover credit card and that you make no more charges. Assume that Discover charges 21 APR and at each month you more only the minimum payment of 3% of the balance What will the balance be after 6 year? (Round your answer to the nearest cent.) $ 12. 0/1 Points DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of 53500 on your Discover credit card and that you make me more charges. Assume that Discover charges 1 APR teach month roumante minimum payment of 2.0% of the balance on what balance do you begin making payments of $60 or less $ 3482 X Book 13. (0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of 54300 on your Discover credit card and that you make no more charges. Assume that Discover charges 21 APR and that each month you may minimum payment of 2 of the balance Find how many months it will take to bring the remaining Dance down to $2500. (Round your answer to the newest whole rumber) 2629 x months book
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started