Name: Academic Honesty Statement MATH 1001 By sienire below, I affirm that I have not given nor received any unauthorized aid on this Praject. All work is my own Instructor Signature Date Unit 2 Project: Credit Card Instructions: Use the Instructions Document to help you complete this project. Then scan and submit all pages of this student Work document to the appropriate Assignment folder in D2L. In this project, you will explore several different scenarios concerning credit card usage and payments. Investigation 1: www. You have decided to open a new credit card and have received two pre approved offers in the mail. Consider both offers to determine which one is better Option 1: VISA with no annual fee and 16.99% APR (1.4158% per month Option 2: Mastercard with $65 annual fee and 13.998. APR (1.1658% per month) For comparison purposes, assume you will have $1000 balance and only make the minimum payment each month for 1 year. Remember, minimum payment is Finance Charge on that month's belance plus 1% of balance. Complete the following amartization tables to help you analyze the options. The first row is to help you get started. Make sure you get the same numbers before finishing the table. Round ALL dollar amounts at each step of the project to the nearest cent. Option 1: VISA with no annual fee and 16,99% APR (1.4158% per month) Month Balance Finance Charge New Balance Minimum Payment Endin, Balance 1 $1000.00 $14.16 $1104.16 $24.16 $990.00 2 2 $990.00 3 5 6 7 8 9 Credit Card - Student Work Documen. Page 1 of 8 Name Academic Honesty Statement bewaffnete na odwrote MATH1001 Instructor: Unit 2 Project Credit Card Instructions Use the instructions Document to help you complete this project. Then scan and sunt opes of this adent Word document to the programetfoder ID My were verdere mesin.. The decided to open wonder and wind te papproved offers in the met Candidate terre where is Option VISA without CARDIN P! Option Master with made and MARCH w , www wynale teacher Ww. Bet, proiecte care on kesela w within Tenerife og te is on the sesinteresting the table Boudon OVISA NAPR 01:45 More Front alors SOOD 548 510416 1 ME 1 . 3 . 1 . CREW Name: Academic Honesty Statement MATH 1001 By sienire below, I affirm that I have not given nor received any unauthorized aid on this Praject. All work is my own Instructor Signature Date Unit 2 Project: Credit Card Instructions: Use the Instructions Document to help you complete this project. Then scan and submit all pages of this student Work document to the appropriate Assignment folder in D2L. In this project, you will explore several different scenarios concerning credit card usage and payments. Investigation 1: www. You have decided to open a new credit card and have received two pre approved offers in the mail. Consider both offers to determine which one is better Option 1: VISA with no annual fee and 16.99% APR (1.4158% per month Option 2: Mastercard with $65 annual fee and 13.998. APR (1.1658% per month) For comparison purposes, assume you will have $1000 balance and only make the minimum payment each month for 1 year. Remember, minimum payment is Finance Charge on that month's belance plus 1% of balance. Complete the following amartization tables to help you analyze the options. The first row is to help you get started. Make sure you get the same numbers before finishing the table. Round ALL dollar amounts at each step of the project to the nearest cent. Option 1: VISA with no annual fee and 16,99% APR (1.4158% per month) Month Balance Finance Charge New Balance Minimum Payment Endin, Balance 1 $1000.00 $14.16 $1104.16 $24.16 $990.00 2 2 $990.00 3 5 6 7 8 9 Credit Card - Student Work Documen. Page 1 of 8 Name Academic Honesty Statement bewaffnete na odwrote MATH1001 Instructor: Unit 2 Project Credit Card Instructions Use the instructions Document to help you complete this project. Then scan and sunt opes of this adent Word document to the programetfoder ID My were verdere mesin.. The decided to open wonder and wind te papproved offers in the met Candidate terre where is Option VISA without CARDIN P! Option Master with made and MARCH w , www wynale teacher Ww. Bet, proiecte care on kesela w within Tenerife og te is on the sesinteresting the table Boudon OVISA NAPR 01:45 More Front alors SOOD 548 510416 1 ME 1 . 3 . 1 . CREW
