Question
(A-4) On August 10, a credit card account had a balance of $335. A purchase of $64 was made on August 15, and $161 was
(A-4) On August 10, a credit card account had a balance of $335. A purchase of $64 was made on August 15, and $161 was charged on August 27. A payment of $71 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill.
(B-8) Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.9% and a monthly payment of $599.50. After 3 years, Angela decides to purchase a new car. What is the payoff on Angela's loan?
(C-9) You receive a 10-year subsidized student loan of $11,000 at an annual interest rate of 5%. What are your monthly loan payments for this loan when you graduate?
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