of 7.5%, how long should he borrow the money so he can afrd his A. 3 years money so he can aford his monthly payment? b. 4 years C. 41 years d. 5 years 8. Yanni received her monthly credit card statement in the mail, the summary of which is show below. When she calculated the new balance for the month, she arrived at a difterent amount than the credit card company, What should be the correct new balance? a, $3,576.28 : $3,76828 $3.778 28 b. $3,678 28 9. Travis just got a new credit card that offers an introductory APR of 3.6% for the first 3 months and a standard APR of 14 4% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first 3 months? A 0.3% B. 0 4% C. 1.2% D1.6% 10 Wilson has a balance of $890 on a credit card with an APR of 18 7%, compounded monthly. About how much will he save in interest over the course of a year if he transfers balance to a credit card with an APR of 12.5%, compounded monthly? (Assume that wison vill make no payments or new purchases during the year, and ignore any possible late-payment fees.) A $63.61 B. $117.85 C. $181.46 D. $299.31 11. Credit card A offers an introductory APR of 4.1% for the first 3 months and a standard APR of 18.5% thereafter, while credit card B offers an introductory APR of 3.7% for the first 3 months and a standard APR of 18.9% thereafter. Al else being equal, which of these statements is correct? (Assume all interest is compounded monthly.) A. Credit card A is the better deal over the course of the first 3 months and over the course of the first year B. Credit card A is the better deal over the course of the first 3 months, but credit card B is the better deal over the course of the first year. C. Credit card B is the better deal over the course of the first 3 months, but credit card A is the better deal over the course of the first year. D. Credit card B is the better deal over the course of the first 3 months and over the course of the first year 12. Two consumers borrowed $10,000 for 5 years. Bob has a credit score of 650 and has an interest rate of 11.5%, whereas Tyree has a credit score of 710 and has an