Question: Assume you have a balance of $1000 on a credit card with an APR of 12%, or 1% per month. You start making monthly payments
of $200, but at the same time you charge an additional $100 per month to the credit card. Assume that interest for a given month is based on
the balance for the previous month. The following table shows how you can calculate your monthly balance. Complete and extend the table to
show the balance at the end of each month until the debt is paid off. How long does it take to pay off the credit carddebt?
nts
Fill out the table row by row and continue until the last full payment. Round to the nearest cent as needed.
Month
Payment
Expenses
Interest
New Balance
a
urces
0
---
$1000
es
1
$200
$100
$10
$910
4/7
fing
2
$200
$100
ection
3
$200
$100
4
$200
$100

Answers

Answer 1

1. The extension of the table to show the month-end balances until full debt settlement is as follows:

Month  Payment  Expenses  Interest   New Balance

0                  $0          $0            $0        $1,000

1              $200         $100       $10        $910 ($1,000 - $200 + $100 +$10)

2             $200         $100      $9.10     $819.10 ($910 - $200 + $100 + $9.10)

3             $200         $100      $8.19     $727.29 ($819.10-$200+$100+$8.19)

4             $200         $100      $7.27    $634.56 ($727.29-$200+$100+$7.27)

5             $200         $100      $6.35    $540.91 ($634.56-$200+$100+$6.35)

6             $200         $100      $5.41     $446.32 ($540.91-$200+$100+$5.41)

7             $200         $100      $4.46    $350.78 ($446.32-$200+$100+$4.46)

8            $200         $100       $3.51    $254.29 ($350.78-$200+$100+$3.51)

9            $200        $100        $2.54   $156.83 ($254.29-$200+$100+$2.54)

10          $200         $100        $1.57    $58.40 ($156.83-$200+$100+$1.57)

11           $200         $100        $0.58   ($41.02) ($58.40-$200+$100+$0.58)

Data and Calculations:

Credit card balance = $1,000

APR = 12%

Monthly APR = 1%

Monthly payments = $200

Monthly charge = $100

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Related Questions

graph the solution of the inequality 2.25k≤−9

Answers

Answer:

Wouldn’t negative 9 be the inequality because its less than 2.25

Step-by-step explanation:

Hey budddy if i got this wrong im soooooo, sorry

When asked to factor the trinomial 8x^2-8x-16) a student gives the answer (X - 2)(x + 1). What is one thing wrong with this answer? - A. 8 is also a factor of this trinomial B. The minus sign should be a plus sign C. The factors are not simplified D. There is nothing wrong with the answer​

Answers

Answer:

8 is also a factor of this trinomial

Step-by-step explanation:

Consider 2 1/2 divided by 1/4 write a real world problem for the division.Create a model or write an equation for the division.Find the quotient for the real world problem.Find the quotient.

Answers

Answer:

Step-by-step explanation:

How many 1/4 kg bread loaves can be made from 2½ kg of dough?

2½ / 1/4 = (5/2)•(4/1) = 20 / 2 = 10

The number of puffs made by 2½ kg of dough will be 10.

What is an expression?

The mathematical expression is the combination of numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also be used to denote the logical syntax's operation order and other properties.

The problem is given below:-

How many 1/4 kg puffs can be made from 2½ kg of dough?

The number of the puffs will be calculated as:-

2½ / 1/4 = (5/2) x (4/1) = 20 / 2 = 10

Therefore, the number of puffs made by 2½ kg of dough will be 10.

To know more about an expression follow

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#SPJ5

Please help me I need to turn this in very soon

Answers

Answer:

1331/3375

Step-by-step explanation:

(11/15) ^3 = (11*11*11)/(15*15*15) =1331/3375

                   

plz help with this!!!

Answers

Answer:50

Step-by-step explanation:

Select all the statements that show correct reasoning for finding 14/15÷7/5 Group of answer choices Multiplying 1415 by 5 and then by 17. Multiplying 1415 by 5 and then dividing by 7. Dividing 1415 by 5, and then multiplying by 17. Multiplying 1514 by 7 and then dividing by 5. Multiplying 14/15 by 7 and then multiplying by 15.

IF YOUR ANSWER IS INCORRECT OR BS I WILL GIVE YOU 0 STARS AND TAKE MY POINTS BACK!!!!!

Answers

Answer:

Option B

Step-by-step explanation:

Correct way of dividing fractions:

14/15 ÷ 7/5 = 14/15 × 5/7

Answer choices

A) Multiplying 14/15 by 5 and then by 17. FALSEB) Multiplying 14/15 by 5 and then dividing by 7, TRUEC) Dividing 14/15 by 5, and then multiplying by 17. FALSED) Multiplying 15/14 by 7 and then dividing by 5.  FALSEE) Multiplying 14/15 by 7 and then multiplying by 15. FALSE

Let's see

[tex]\\ \sf\longmapsto \dfrac{14}{15}\div \dfrac{7}{5}[/tex]

[tex]\\ \sf\longmapsto \dfrac{14}{15}\times \dfrac{5}{7}[/tex]

[tex]\\ \sf\longmapsto \dfrac{70}{105}[/tex]

[tex]\\ \sf\longmapsto \dfrac{2}{3}[/tex]

*WILL GIVE BRAINLIEST FOR BEST ANSWER*
Subtract. Write your answer in scientific notation.
(5.6×106)–(1.1×106)

Answers

Answer:

447

Step-by-step explanation:

how do you do 4 3/16 + 1 1/10?

Answers

Answer:

5 23/80

Step-by-step explanation:

First, you need to find the least common multiple of 16 and 10 to add the fractions. The LCM of 16 and 10 is 80. You have to multiply 5 to 16 to get 80 and 8 to 10 to get 80, so you also multiply the numerator by those numbers. In the end you would get 4 15/80+1 8/80, which equals 5 23/80.

please help me calculation completing square?
x²+2x-24=0?​

Answers

Answer:

x = 4, -6

Step-by-step explanation:

x = 4, -6

Help please!!!!!!!!!!!!!!

Answers

Answer:

Negative

Step-by-step explanation:

Slope is negative since as x increases, y decreases.

Prepare a mixture of 100g of 8% cream into 200g of 3% cream. What is the resulting concentration?

Answers

Answer:

14=300X

X=14/300

X=.04667 OR 4.67%

Step-by-step explanation:

100*.08+200*.03=(100+200)X

8+6=300X

14=300X

X=14/300

X=.04667 OR 4.67% SOLUTION ANS.

If this process is wrong, let me know

In which quadrant does the point (13 , -6) lie?
A.
Quadrant III
B.
Quadrant I
C.
Quadrant IV
D.
Quadrant II

Answers

Answer:

C

Step-by-step explanation:

i hope you'll find these useful......

Answer:

C, quadrant IV

Step-by-step explanation:

The X (13) is positive meaning the point is on the right side of the graph, and Y (-6) is negative so it's below the x axis

Avery read 1.75 pages in to of an hour. At what rate, in pages per hour, did she read?
On the double number line below, fill in the given values, then use multiplication t
find the missing value. Enter your answers as fractions, whole numbers, or decimals.
pages
o
O
hours
Enter your final answer as a whole number or decimal.

Answers

Answer:

10.5? sorry if it doesnt work

Step-by-step explanation:

Adult tickets to the fall play cost $8 and student tickets cost $4 . The drama class sold 30 more adult tickets than student tickets to the fall play. If the class collected $840 from ticket sales, how many adult tickets were sold?

The drama class sold blank adult tickets.

Answers

Answer:

60 adult tickets were bought.

Step-by-step explanation:

9514 1404 393

Answer:

  80 tickets

Step-by-step explanation:

Let 'a' represent the number of adult tickets sold. Then a-30 is the number of student tickets sold. The total revenue is ...

  8a +4(a -30) = 840

  12a -120 = 840 . . . . . . eliminate parentheses

  a -10 = 70 . . . . . . . . . divide by 12

  a = 80 . . . . . . . . . . . add 10

The drama class sold 80 adult tickets.

__

Check

The number of student tickets was 30 less, so 50 student tickets. The total revenue was ...

  50($4) +80($8) = $200 +640 = $840 . . . . as required

simplify 1/3 : 2.5 : 3 3/4​

Answers

Answer:

i dont know

Step-by-step explanation:

Answer:

  4 : 30 : 45

Step-by-step explanation:

The least common denominator of the fractions 1/3, 1/2, and 1/4 is 12. Multiplying the ratio by 12 gives ...

  (1/3) : (2.5) : (3 3/4) = (12)(1/3) : (12)(2.5) : (12)(3 3/4)

  = 4 : 30 : 45

Write in word form: 5,278.081

Answers

Answer:

.............................

You weigh a group of eight kittens for 6 days and get the following data (in lb.):


1.6, 1.4, 1.1, 1.8, 1.3, 1.8, 1.2, 1.4


Select the correct average weight. Round your answer to one decimal place.



1.8 lb.
1.8 lb.

1.1 lb.
1.1 lb.

1.5 lb.
1.5 lb.

1.4 lb.

Answers

Answer:

1.5

Step-by-step explanation:

Ms. McCullough bought a bunch of bananas. If she ate 2/8
the bananas and Mrs. Byrd ate 1/4, what fraction of bananas
remains?

Answers

Answer:

1/2

Step-by-step explanation:

that's the answer because 2/8-1/4 is 1/2

cho a,b,c là các số nguyên. Chứng minh rằng nếu a mũ 3 + b mũ 3 + c mũ 3 chia hết cho 9 thì một trong các số a , b ,c chia hết cho 3

Answers

Answer:

let a, b, c be integers. Prove that if a to the power 3 + b to the power 3 + c to the power 3 is divisible by 9, then one of the numbers a , b , c is divisible by 3

Step-by-step explanation:

What is the Nth term rule of the Quadratic sequence -5 -4 -1 4 11 20 31

Answers

Step-by-step explanation:

an = A×n² + B×n + C

a1 = -5 = A×1² + B×1 + C = A + B + C

a2 = -4 = A×2² + B×2 + C = 4A + 2B + C

a3 = -1 = A×3² + B×3 + C = 9A + 3B + C

a2 - a1 = -4 - -5 = 1 = 4A+2B+C-A-B-C = 3A + B

3A = 1 - B

A = (1 - B)/3

a3 - a2 = -1 - -4 = 3 = 9A+3B+C-4A-2B-C = 5A + B

3 = 5A + B = 5(1 - B)/3 + B

9 = 5(1 - B) + 3B = 5 - 5B + 3B = 5 - 2B

4 = -2B

B = -4/2 = -2

A = (1 - -2)/3 = (1 + 2)/3 = 3 / 3 = 1

-5 = A+B+C = 1 - 2 + C = -1 + C

-4 = C

so,

an = n² - 2n - 4

Need help with 17 pre college

Answers

No because if you plug in 4 for x and 5 for y you get -4 not 36

Emilia waited 11 minutes for the bus today. That is 4 minutes less than she waited yesterday. How long did Emilia wait for the bus yesterday?

Answers

11 minutes + 4 minutes more yesterday = 15 total minutes

Answer: 15 minutes

Answer:

Emilia waited 11 minutes wich was 4 minutes earlier so 11+4 because it was 4 miutes earlier so 11 minutes + 4 minutes = 15 minutes so this means Emilia wait 15 minutes for the bus yesterday

Step-by-step explanation:

Miles is 33 year old and single in 2020 his only income consisted of $10500 in wages what is the maximum amount he can contribute to a traditional ira for 2020

Answers

Answer:

$6,000

Step-by-step explanation:

$6,000 Because miles younger than 50

A parabola can be drawn given a focus of (1,-3) and a directrix of x=9, what can be said about the parabola?

Answers

Check the picture below.

well, we can say that since its directrix is a vertical line, the parabola opens horizontally, the focus point is at the left of the directrix thus it opens leftwards, ithas a vertex at (5,-3), recall that the vertex is half-way between the focus point and the directrix.

A woman wants to get to two destinations, A and B. From home to A there are 5 possible routes. From A to B
there are 5 possible routes. How many possible routes are there from home to B, if all of them go through A first?

Answers

From home to A has 5 routes. Ex: Route A,B,C,D,E.

A to B has 5 routes. Ex: Route F,G,H,I,J

The shorter way is 5x5 = 25

The longer way is A.F , A.G, A.H, A.I, A.J. + B.F, B.G, B.H, B.I, B.J and continue on...

Lucas invests $2000 per year in his retirement account for 40 years in an investment with an average annual return of 10%. Approximately how much will he have after 40 years?
A.$88,000
B.$176,000
C.$312,000
D.$975,000

Answers

The amount Lucas would have in his account is $885,000.

The formula that would be used to determine the amount of money Lucas would be in 40 years is:

The formula for calculating future value = A x annuity factor  

Annuity factor = {[(1+r)^n] - 1} / r

Where:

A = amount invested each year = $2000r = interest rate = 10%n = number of years = 40 years

$2000 x [(1.1^40 - 1) / 0.1] = $885,000

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90 people apply for job, 10 have no sales or publishing experience, 65 have sales, 58 have publishing, how many have both?

Answers

                     No sales | Sales

No Publishing |      10      __       __

Publishing       |      __       x        58

                              __      65       90

Fill in spots

                    No sales | Sales

No Publishing |      10      22       32

Publishing       |      15      43       58

                              25     65       90

43 applicants have both sales and publishing experience

In a recent year, 32.4% of all registered doctors were female. If there were 47,400 female registered doctor that year, what was the total number of registered doctors?

Answers

Answer:

come, seamen or even spherm

Step-by-step explanation:

basically when the male and female get involved in sexual activity it creates a child through sperm and egg interaction. the fastest sperm wins the race and 68.6% of them are male doctors

A shirts costs $20, the cost of the shirt increases 30%, what is the price of the shirt now?​

Answers

Answer: 10

Step-by-step explanation:

с
6
D
15
8
B
?
А
1) Find the missing side length.
es
A) 14
B) 16
18
D) 20
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its
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3

Answers

Answer:

The answer would be 19

Step-by-step explanation:

Using pythagoras theorem

15+6= 21

a^2+b^2= c^2

In this scenario,

c^2-a^2= b^2

Meaning it would be 21^2+8^2

= 377

Square root of 377 would be 19.416

?= 19.416

The missing side length of the right angle triangle is 20

How to solve missing sides using Pythagoras theorem

Pythagoras theorem States that the square of the longest side of a triangle is equal to the sum of the square of the opposite side and no square of the adjacent side.

The diagram is a right angle triangle with sides AB, BC and CA.

The longest side is BC

BC² = AB² + CA²

(15 + 6)² = x² + 8²

21² = x² + 8²

21² - 8² = x²

441 - 64 = x²

377 = x²

find the square root of both sides

x = √377

x = 19.41648783894759891856148511263886343

Approximately to the nearest whole number

= 20

Learn more about Pythagoras theorem:

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