FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The annual interest rate on a credit card is 17.99%. If a payment of $100.00 is made each month, how many months will it take

image text in transcribed

The annual interest rate on a credit card is 17.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,540.94? Assume that no new purchases are made with the credit card. It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)

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

Financial Intelligence For IT Professionals

Financial Intelligence For IT Professionals

Authors: Julie Bonner

1st Edition

ISBN: 103215294X, 9781032152943

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose that a sustainable peace is reached around the world, reducing military spending by the U.S. Government. How would you expect this development to affect the U.S. bond market?

Answered: 1 week ago

Question

★★★★★
The following labor standards have been established for a particular product: Standard labor-hours per unit of output...... Standard labor ratc 5.4 hours $10.20 per hour The following data pertain to...

Answered: 1 week ago

Question

★★★★★
learn how to use confidence limits when analysing data by the use of multiple regression.

Answered: 1 week ago

Question

★★★★★
Suppose that you are the analyst charged with developing a new system to help senior managers make better strategic decisions. What requirements gathering techniques will you use? Describe in detail...

Answered: 1 week ago

Question

★★★★★
Can you please check some of my work. I write this stuff down to see if it right ? I would like to compare my worksheet. I only put stuff on the sheet only if its right. C.S. Lewis Com pany had the...

Answered: 1 week ago

Question

★★★★★
A rope is 20 m long, weighs 0.5 kg/m, and hangs vertically from the top of a tall building. How much work is done to pull the rope to the top of the building? (Take gravity to be g = 10 m/s 2 .) I...

Answered: 1 week ago

Question

★★★★★
A restaurant manager who arranges to have all of the restaurants leftovers, plus 50 prepared meals, donated to a food bank each week probably exhibited ________ power to coordinate the extra work...

Answered: 1 week ago

Question

★★★★★
How would you express "Juan needs to take an Economics class" in Spanish? Juan tiene tomar una clase de economa. Juan tener estudia una clase de economa. Juan tiene que tomar una clase de economa....

Answered: 1 week ago

Question

★★★★★
Balance sheet 1: 1. If Total Assets are $3,600 and Total Equity is $2,800 then what is the value of Total Liabilities? 2. Fill in the missing information from the balance sheet. Gulf Shipping Company...

Answered: 1 week ago

Question

★★★★★
The Texas Bill of Rights, Section 24 states that the "Military shall _______ to the civil authority." Question 99 options: at all times be subordinate. at times of peace be subordinate. at no time be

Answered: 1 week ago

Question

★★★★★
Question 5 of 21. A significant downfall of the Milestone chart is that it does not effectively portray the relationships, dependencies, and constraints among the project activities and events. Which...

Answered: 1 week ago

Question

★★★★★
What forms of power seemed most evident among the founding team members? Explain.

Answered: 1 week ago

Question

★★★★★
Have you used any of the five techniques for generating creative alternatives? If yes, which ones?

Answered: 1 week ago

Question

★★★★★
Is following the steps in the decision-making model really all that important? Which steps of the model do you tend to follow? Which steps do you tend to not use? Will you use the model in your...

Answered: 1 week ago

Previous QuestionNext Question