Question
your dog, whom you have had for the past 7 months (it is the end of July) has gotten into some trouble by escaping its
your dog, whom you have had for the past 7 months (it is the end of July) has gotten into some trouble by escaping its crate and destroyed several things in your apartment. In addition it has eaten a whole bag of Oreo's, which are really bad for most pets. This disaster comes at a cost. You immediately take your dog to the emergency vet to be checked out and have their stomach pumped, this costs $400. The damage to the apartment is $350. You just finished paying off the credit card that had no interest for the first 6 months at the end of June. But you have to now put these expenses (plus any regular expenses) on the card in July (month 7). At the end of the month, you cannot afford to pay off anything except the minimum payment of 80$ and will carry the balance over (plus interest). Interest is applied after you make the $80 payment at the end of the month. You find yourself in a bind and do this for the rest of the year (August - December). What is the balance of the card at the end of your first year with your sweet new addition? (Hint: try making a table of your expenses each month and calculate the total owed on the card that transfers to the next month (after payment and after interest is added)
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