Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Date Balance # of days November 1 $1279 10 November 11 $1755 5 November 16 $1737 10 November 26 $1528 5 If the credit card's

Date Balance # of days November 1 $1279 10 November 11 $1755 5 November 16 $1737 10 November 26 $1528 5 If the credit card's interest during November was $24.81, what is the card's APR? Round your answer to the nearest tenth of a percent. Consider the following credit activity during the month of July: Date Balance # of days July 1 $1408 6 July 7 $1525 15 July 22 $1558 7 July 29 ??? 3 Suppose that the credit card interest during July was $25.48. If the card's APR is 20.05%, what was the balance during the 3 day period of July 29, July 30, and July 31? Round your answer to the nearest dollar (whole number). Consider the following credit activity during the month of June: Date Balance # of days June 1 $381 11 June 12 $592 5 June 17 $887 4 June 21 $915 10 Assuming June's credit card bill is not paid during the grace period, how much in total is owed to the credit card company for June if the card's APR is 20.30%? Round your answer to the nearest penny (hundredth place). Consider the following credit activity during the month of June: Date Balance # of days June 1 $655 6 June 7 $790 12 June 19 $980 2 June 21 $1333 10 Assuming June's credit card bill is not paid during the grace period, how much interest is owed to the credit card company for June if the card's APR is 24.18%? Round your answer to the nearest penny (hundredth place). Consider the following credit activity during the month of January: Date Balance # of days January 1 $1003 7 January 8 $1394 10 January 18 $1743 6 January 24 $2008 8 Assuming January's credit card bill is paid during the grace period, how much is owed to the credit card company at the end of the month? Round your answer to the nearest dollar (whole number). Consider the following credit activity during the month of January: Date Balance # of days January 1 $590 10 January 11 $625 9 January 20 $726 8 January 28 ??? 4 If the card's average daily balance for the month of January was $820, what was the balance during the 4 day period of Jan 28, Jan 29, Jan 30, and Jan 31? Round your answer to the nearest dollar (whole number). Consider the following credit activity during the month of January: Date Balance # of days January 1 $116 11 January 12 $266 8 January 20 $517 6 January 26 $474 6 What is the card's average daily balance (ADB) for the month of January? Round your answer to the nearest dollar (whole number)

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

Step: 3

blur-text-image

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

College Algebra Graphs and Models

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

5th edition

321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405

More Books

Students also viewed these Mathematics questions