In W09 Study: Interactive Textbook- X 5 Lesson 9: Change Over Time X illin W09 Study: Interactive Textbook- X Search Results | Course Hero X B374 Social Innovation Reflection X + X -> C a byuimath.com/math108x/Lesson9.html Paused Update The Quantative Reasoning Process Table of Contents Unit | Unit Il Unit Ill 5) Evaluate Your Reasoning Opening Story As Danielle reflects on her calculations, she decides that she needs a budget to make sure she can make the monthly payments. She also realizes that if she doesn't stick to her budget she will probably continue to use her credit cards. For her plan to work, she will Introduction have to hold to her assumption that she will not use her credit cards anymore. Change over Time After 5 years of careful budgeting and hard work, Danielle is able to pay off her credit cards. She has also realized the role compound Constant and Variable Slopes interest had in her financial situation. She had to pay back much more money than she borrowed because her credit card balances Understanding Interest accrued compound interest. Now that her credit card debt is paid off, she is able to revise her budget to save money and earn compound interest instead of paying compound interest. Compound Interest Equations - Savings Practice Problem The Mattress vs The Retirement Plan Earning Interest vs Paying Interest Paying Off Debt Practice Problem Lesson Checklist Page 2 of 2: Li Min now knows she needs to pay $181.46 each month to pay off her balance of $4,752 in credit card debt in 3 years. Now she wants to know the total amount of money she will pay to the credit card company to pay off the card and the total amount of interest she will pay. Total payments = $ 6532.43 Hint Total interest = $ 1780.43 Hin Check Answers