FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ametla has a balance of $1379.67 on a credit card with an annual percentage rate (APR) of 215%. The minimum payment required in the current

image text in transcribed
Ametla has a balance of $1379.67 on a credit card with an annual percentage rate (APR) of 215%. The minimum payment required in the current statement is $29.65. Find the amount of interest and the amount applied to reduce the principal in this payment and the balance after this payment The amount of interest 18 (Found to the nearest cent at rieded)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Spiritual Audit Of Corporate America A Hard Look At Spirituality Religion And Values In The Workplace

A Spiritual Audit Of Corporate America A Hard Look At Spirituality Religion And Values In The Workplace

Authors: Ian Mitroff, Elizabeth A. Denton

1st Edition

978-1118599617

More Books

Students also viewed these Accounting questions

Question

★★★★★
(a) Using the Bohr model, calculate the speed of the electron in a hydrogen atom in the n = 1,2 and 3 levels. (b) Calculate the orbital period in each of these levels. (c) The average lifetime of the...

Answered: 1 week ago

Question

★★★★★
Let Use the limit rules to find each limit. lim f(x) = 9 and lim g(x) = 27. x-4 x-4

Answered: 1 week ago

Question

★★★★★
Construct a graph that best displays these data. Explain why the graph you selected is appropriate for these data.

Answered: 1 week ago

Question

★★★★★
Southwood Furniture Company is a U.S.-based furniture manufacturer that offshored all of its actual manufacturing operations to China about a decade ago. It set up a distribution center in Hong Kong...

Answered: 1 week ago

Question

★★★★★
Ametla has a balance of $1379.67 on a credit card with an annual percentage rate (APR) of 215%. The minimum payment required in the current statement is $29.65. Find the amount of interest and the...

Answered: 1 week ago

Question

★★★★★
Please help me with this study guide!! 3)? 1. Find the formula that should be used to minimize the distance between y = 5x? and the point 2. What formula should be used to minimize the lateral...

Answered: 1 week ago

Question

★★★★★
Describe the steps involved in modifying the default password policy in Oracle?Explain

Answered: 1 week ago

Question

★★★★★
With servant leadership, leaders strive to serve, making the needs of subordinates a priority over their own needs. According to Johnson (2009), servant leadership is centered on four interrelated...

Answered: 1 week ago

Question

★★★★★
Athena firm started the year with retained earnings of $1,300,000. Their net income during the year was $250,000. They paid dividends of $25,000. They also borrowed $100,000 that they will have to...

Answered: 1 week ago

Question

★★★★★
3. The identification of Critical-to-Quality (CTQ) Features and Key Characteristics is conducted as which phase of APQP? a. Plan and Define b. Product Design & Development c. Process Define &...

Answered: 1 week ago

Question

★★★★★
QUESTION 5 Explain how the sentiment analysis could be used by Spar (South African supermarket) to improve customer service quality. Include the following: a. explain the nature and importance of...

Answered: 1 week ago

Question

★★★★★
Visit the Postal Service website (www.usps.com) or your local post office to learn the difference between certified mail and registered mail.Then, address an envelope (or paper cut to the appropriate...

Answered: 1 week ago

Question

★★★★★
What benefits can be gained from an effective sales appeal in an adjustment message? (Objective 4)

Answered: 1 week ago

Question

★★★★★
Teamwork. Form teams of three students and design a brochure that could be used to welcome new students to your college.Be prepared to promote your brochure in a class contest. (Objective 5)

Answered: 1 week ago

Previous Question Next Question