-Jennifer carries an average balance of $1000 on her credit card. If the interest rate is 9% and the card has an annual fee of $55, what is Jennifers APR?

14.50%

18.00%

5.50%

9.00%

-Thomas is looking to lease a new car. The dealerships finance person stated that their banks will not approve any amount over the amount computed at a 22% percent debt payment ratio. If Thomass net monthly income is $3250, and he also pays $400 in student loan payments, how much can he afford to pay for an auto lease?

$715

$803

$315

$627

-Marys credit card balance is $2000 at an 10% APR. It has become difficult to make the minimum payment each month. She decided to make a plan for paying off the credit card by increasing her hours at her part-time job and applying the income to debt reduction. She estimates that she can pay $100 per month, and she plans to avoid using her card for any new purchases. How long will it take her to pay off the card dues?

8 months

19 months

14 months

22 months

Sharon began her credit card billing cycle with a zero balance, and her billing date is March 20. She made a $2900 purchase with her card on March 21. She receives her bill on March 24 with a due date of April 15. Her card has an 18 percent APR and a grace period. How much interest will she owe if the entire balance is paid by May 15?

$26.26

$0

$29.00

$14.50