Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

You have a $3,000 balance on your card. You want to pay it off in a year (12 months) and the credit card company is

You have a $3,000 balance on your card. You want to pay it off in a year (12 months) and the credit card company is charging 28% interest. How much should each months payment be?

Explain how to get this answer: 289.51

Is there an easy way to do this on a calculator? thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Risk Sensitive Investment Management

Authors: Mark H A Davis, Sébastien Lleo

1st Edition

9814578037, 978-9814578035

More Books

Students also viewed these Finance questions

Question

★★★★★

On Fig. 10.5, what is feature D? Explain its origin.

Answered: 1 week ago

Question

★★★★★

Let f (x, y) = xey + x 4 y + y 3 . Find 2f af af dx ay dx dy' and af

Answered: 1 week ago

Question

★★★★★

Teachers typically give more educational feedback to boys than to girls. True or False

Answered: 1 week ago

Question

★★★★★

Spring Co. bought merchandise from All Co. with terms 2/10, n/30. Joanne Ring, the bookkeeper, forgot to pay the bill within the first 10 days. She went to Mel Ryan, the head accountant, who told her...

Answered: 1 week ago

Question

★★★★★

Santana Rey sees that Business Solutions's line of computer desks and chairs is popular, and she is finding it hard to keep up with demand. Santana only has 1 , 4 6 0 direct labor hours available....

Answered: 1 week ago

Question

★★★★★

22. 23. Rockers Manufacturing Limited has a job (XYZ123) that has working progress of $1,000,000 and $900,000 on January 1, 2014 and December 31, 2014 respectively. It is the entity's policy to...

Answered: 1 week ago

Question

★★★★★

Compute NOPAT The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales Cost of sales, including buying and...

Answered: 1 week ago

Question

★★★★★

Ten percent of students at ACM are nursing students. Forty percent of students at ACM are sophomores. Five percent of ACM sophomores are nursing students. Assume that ACM only has freshman and...

Answered: 1 week ago

Question

★★★★★

A client can't find an email in their inbox that is needed for their case to proceed. The client calls you and gives you their sign-on information and tells you to go ahead and find what the firm...

Answered: 1 week ago

Question

★★★★★

Please complete the following steps for your first discussion post and response. Conduct research and find two studies related to the variables used in your field of study. Your articles should focus...

Answered: 1 week ago

Question

★★★★★

I shine a laser through a grating that is has slits 1.0 x 10-6 meters apart. The result hits the wall 3 centimeters from the grating. The first order constructive interference is 2 centimeters from...

Answered: 1 week ago

Question

★★★★★

A Is it really possible for Sus doctor to pay attention to all of the cultural factors that play into her health care simultaneously? Is it enough for him to consider her financial constraints but...

Answered: 1 week ago

Question

★★★★★

A Take a moment to Google yourself. Search not only for your name but also your e-mail address. What comes up?

Answered: 1 week ago

Question

★★★★★

2 What about students who attended the school but did not graduate or who are not in the alumni rolls? Would leaving them out skew the results of your survey as well?

Answered: 1 week ago

Previous Question Next Question