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: $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: Consider a credit card with a balance of $6000 and an APR of 16.99%. In order to pay off the balance…

A: Consider a credit card with a balance of  and an APR of .The balance pay off in years.To find the…

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: The amount at the end of 5 years for a monthly deposit of Php1000 at 5% converted at the end of each…

A:

Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

A:

Q: Amanda recieves an invoice from Staples dated November 2nd, 2015 for $1,500 vith terms 6/4, 2/14,…

A: a. The number of days between the date of the invoice and the payment date can be calculated as…

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: you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and…

A: IntroductionThe gross income is the total money earned before the taxes and other deductions are…

Q: If the sales tax is 8.25%, how much does John have to pay for the phone at the store, before he…

A:

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

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: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

A:

Q: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is $7868.…

A: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is…

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: 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: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A:

Q: Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7%…

A: To Find: The monthly payments and the total interest for the loan.