Darlene-P-GBS132_Lesson_4_Exercise_Template_Final (2)

Overview Plans Resources Follow-up and reports 360° reports PFR Final Exam 01-10 11 Question 43 Paying the minimum amount every month on a credit card will Your answer: pay a large percentage of the total amount owed every month make the final amount paid substantlally higher than the amount initlally charged O Help the cardholder create a plan for paying off a credit card in a decent amount of time. Allow the card holder to avoid paying any interest charges. Clear answer Back Next Play Sto

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Homework: Section 8.8 Assignment The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 2.5% of the average daily balance. Calculate parts a-d using the statement on the right. Question 7, 8.8.1 Part 3 of 4 Help me solve this Transaction Description Previous balance, $6240.00 March 1 Billing date March 5 Payment $400.00 credit $50.00 March 7 Charge: Restaurant March 12 Charge: Groceries $100.00 March 21 Charge: Car Repairs $280.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ 6095.81. (Round to the nearest cent as needed.) View an example Transaction Amount b. Find the interest to be paid on April 1, the next billing date. Round to the nearest cent. The interest to be paid on April 1 is $152.40. (Use the answer from part a to find this answer.…

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Math Concepts 6. Exam 3 Name: Assume that the following loan was paid in full before its due date. Regular Monthly Payments $785 APR 6.5% Remaining Number of Scheduled Payments after Payoff 36 (i) Obtain the value of h. (ii) Find the amount of unearned interest by the actuarial method.

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Bank Statement Responsible Bank 210 2nd Street 3. If Andre deposits $100 in this account after $ Checking Account Statement Page: 1 of 1 Anytown, MH 06930 buying the music player, will he still be in debt? How do Andre Person 1729 Euclid Ave Anytown, MH 06930 Statement Pernd 2017-10-01 to 2017-11.01 Accourt No. 1120635978 you know? Date Description Withdrawals Deposits Balance Your answer here 2017-10-03 Previous Balance 2017-10-05 Check Number 256 2017-10-06 ATM Deposit- Cash 2017-10-10 Wire Transfer 2017.10.17 Point of Sale Grocery Store 2017-10-25 Funds Transfer from Savings 2017.10-28 Check Number 257 2017-10-29 Online Payment Phone Services 39.87 11.37 56.37 18.46 203 52 03 10.03 6247 28.50 45.00 37.91 16.43 50.00 42 00 7250 %24

Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows. Required: 1. Complete a Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Date: 01/12/2023 d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: Loan Payable > Name: Loan Payable > Number: 2300 > Save and Close e. Select Payment Method: Check f. Enter Reference Number: 5002 g. Enter Amount: 1000.00 h. Select Save and close i. What is the Amount of the Loan Payable? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. Amount of the loan payable () View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select 2300 Loan Payable > View Register c. From the Register, select the transaction just recorded > Edit d. From the…

Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows. Required: 1. Complete a Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Date: 01/12/2023 d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: Loan Payable > Name: Loan Payable> Number: 2300 > Save and Close e. Select Payment Method: Check f. Enter Reference Number: 5002 g. Enter Amount: 1000.00 h. Select Save and close i. What is the Amount of the Loan Payable? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. i. Amount of the loan payable

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1. Jim has a credit card with a credit limit of $9000.00. For each of the following monthly balance, calculate the minimum monthly payment. Minimum Balance Work/Reasoning Payment $8.50 $40.00 $550.00 $9120.00 $7862.95

Unit Activity: Mathematical Models and Investments Part C Sam qualifies for a home loan and, after an intensive search, purchases a home. He makes his payments on time for about three months and then faces financial problems and cannot make payments anymore. Does Sam have good debt or bad debt? Why? BI U X² X₂ 15px Space used (includes formatting): 0/15000 15px Part D Mark adds Jim to his credit card as an authorized user. Jim defaults on the credit card. What may happen if Mark tries to apply for a car loan to purchase a car? BIUX² X₂ O AVV 目 ≡ ≡ ≡ V V M A 5 of 11 冈田 Apr 12 2:09 O Save & Exit

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A borrower has two alternatives for a loan: (1) issue a $630,000, 75-day, 6% note or (2) issue a $630,000, 75-day note that the creditor discounts at 6%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Compute the amount of the interest expense for each option. Round your answer to the nearest dollar. for each alternative. b. Determine the proceeds received by the borrower in each situation. Round your answers to the nearest dollar. < (1) $630,000, 75-day, 6% interest-bearing note: $ (2) $630,000, 75-day note discounted at 6%: $ c. Alternative is more favorable to the borrower because the borrower

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Please help. Image 1 : Chapter 10 Kate’s Card Problem Image 2 : Chapter 11 Kate’s Card Problem

If Quentin makes only minimum payments, how long will it take to pay off each of the credit cards and how much interest will he pay?

You want to be able to withdraw $30,000 from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Question Help: DVideo 1 D Video 2 Submit Question