23. Jake had these balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.22%. What is his average daily balance? two days @ $451.98 • eleven days @ $903.04 four days @ $715.71 thirteen days @ S893.76 A. $843.97 B. $818.04 C. $743.63 D. $903.04

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: of the T-bill, the interest earned, and the simple interest rate paid on the bill. Price of the…

A:

Q: Ann kept the record below of transactions to her savings account. Ann's Account Ledger Date…

A: Given ledger of savings account,  To find the greatest change to the balance of savings account.

Q: Suppose that ​$120 comma 000120,000 is owed on a house after the down payment is made. The monthly…

A: The provided principal amount is $120,000. The interest rate is 8.0% for time period of 30 years.…

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: Martin took his dog to the vet for a regular check up. While he was there is was given special…

A: The solution of the problem is given in the next step.

Q: Larry purchased an annuity from N insurance company that promises to pay him $2,000 per month for…

A: $2000 per month for rest of his life. Larry paid $210240 for annuity  From table : For 72 years  :…

Q: $500,000 that he would like to invest in a savings account earning 3.15% compunding daily over a 25…

A: Given Principal amount = $500,000 Interest rate = 3.15% compounding daily time = 25 years

Q: Consider a credit card with a balance of $8000 and an APR of 21%. If you want to make monthly…

A: According to the given data, find the total amount:

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

A:

Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: esiree opens an account with one deposit of $6500. She receives a statement twice a year, just after…

A: Given problem is :   Desiree opens an account with one deposit of $6500. She receives a statement…

Q: amanda is taking a 16,655, 5 1/2 year car loan. with an APR of 4.45%. how much will amanda pay in…

A: We are asked to find the interest amount of the loan.

Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: Consider a credit card with a balance of $8500$ and an APR of 12.5%. If you want to make monthly…

A: The objective of this question is to calculate the total amount paid over a period of 3 years to…

Q: Calculate the total cost of interest for both mortgage options. How much does the buyers have an…

A:

Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

Q: You can afford a monthly payment of $375 for a new car loan.  You want the loan to last for 5 years…

A:

Q: What is the simple interest to the nearest cent on a credit card balance of P1,150.00 at 11%…

A:

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Assume you have taken out a 24-year loan of $241,515 with an annual interest rate of 3.86%,…

A:

Q: The price of a home is $140,000. The bank requires a 15% down payment. The buyer is offered two…

A:

Q: Lashonda takes out a loan for her college tuition from a bank that charges simple interest at an…

A: using,   simple  interest = p×r×t where, p= principal              r= rate%             t= time .

Q: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…

A: The simple interest formula is: A=P(1+rt)