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You have $800 and a bank is offering 6.0% interest on deposits. If you deposit the money in the bank, how much will you have
You have $800 and a bank is offering 6.0% interest on deposits. If you deposit the money in the bank, how much will you have in one year? In one year you will have $ . (Round to the nearest cent.) You have a balance of $5,000 on your credit card, which charges an interest rate of 1.6% per month. Looking at your budget, you figure you can make the following payments. Will they be enough to pay off your credit card? Month 2 CF $575 $640 $705 $770 $835 $900 $965 $1,030 5 7 (Select from the drop-down menus.) The present value of your payments is the amount of the loan, so you be able to pay off the loan
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