9:21 PM Mon Feb 27(4)110?>Listenprimaverahs.strongmind.comCosts of Credit CardsBilling PaymentDateDateMar. 3Apr. 3May 3June 3July 3Aug. 3Sept. 3Oct. 3Nov. 3Dec. 3Jan. 3Rachel buys clothes from an online retailer. Her purchase total is $130,and she pays with her credit card. The card has a 22% annual interestrate, and her minimum payment is $14.00. Payments are due on the 9thof every month.Her payment schedule follows.Starting balance: $130.00Mar. 7Apr. 7May 7June 7●●●July 7Aug. 7Sept. 7Oct. 7Nov. 7Dec. 7Jan. 7WorkbookO $130.00$143.77$13.77O $154.00What is the total amount Rachel pays for the clothes?3 of 4Payment Interest Principal$14.00 $2.38 $11.62$14.00$2.17 $11.83$14.00$1.95 $12.05$14.00$1.73 $12.27$14.00$1.51 $12.49$14.00$1.28$12.72$14.00$1.05$12.95$14.00 $0.81$13.19$14.00 $0.57 $13.43$14.00 $0.32 $13.68$3.77RemainingBalance$118.38$106.55$94.50$82.23$69.74$57.02$44.07$30.88$17.45$3.77$0.00Next80%

Credit card is a loan facility in which the card holder use pre-approved loan facility for buying…

9:21 PM Mon Feb 27 → 110 X Ⓒ ➡)) Listen Costs of Credit Cards Billing Date Mar. 3 Apr. 3 May 3 June 3 primaverahs.strongmind.com July 3 Aug. 3 Sept. 3 Oct. 3 Nov. 3 Dec. 3 Jan. 3 Rachel buys clothes from an online retailer. Her purchase total is $130, and she pays with her credit card. The card has a 22% annual interest rate, and her minimum payment is $14.00. Payments are due on the 9th of every month. Her payment schedule follows. Starting balance: $130.00 Payment Date Mar. 7 Apr. 7 May 7 June 7 July 7 Aug. 7 Sept. 7 Oct. 7 Nov. 7 Dec. 7 Jan. 7 $13.77 ●●● $130.00 $143.77 Workbook What is the total amount Rachel pays for the clothes? $154.00 3 of 4 Payment Interest Principal $14.00 $2.38 $11.62 $14.00 $2.17 $11.83 $14.00 $1.95 $12.05 $14.00 $1.73 $12.27 $14.00 $1.51 $12.49 $14.00 $1.28 $12.72 $14.00 $1.05 $12.95 $14.00 $0.81 $13.19 $14.00 $0.57 $13.43 $14.00 $0.32 $13.68 $3.77 Remaining Balance $118.38 $106.55 $94.50 $82.23 $69.74 $57.02 $44.07 $30.88 $17.45 $3.77 $0.00 80%

9:21 PM Mon Feb 27 → 110 X Ⓒ ➡)) Listen Costs of Credit Cards Billing Date Mar. 3 Apr. 3 May 3 June 3 primaverahs.strongmind.com July 3 Aug. 3 Sept. 3 Oct. 3 Nov. 3 Dec. 3 Jan. 3 Rachel buys clothes from an online retailer. Her purchase total is $130, and she pays with her credit card. The card has a 22% annual interest rate, and her minimum payment is $14.00. Payments are due on the 9th of every month. Her payment schedule follows. Starting balance: $130.00 Payment Date Mar. 7 Apr. 7 May 7 June 7 July 7 Aug. 7 Sept. 7 Oct. 7 Nov. 7 Dec. 7 Jan. 7 $13.77 ●●● $130.00 $143.77 Workbook What is the total amount Rachel pays for the clothes? $154.00 3 of 4 Payment Interest Principal $14.00 $2.38 $11.62 $14.00 $2.17 $11.83 $14.00 $1.95 $12.05 $14.00 $1.73 $12.27 $14.00 $1.51 $12.49 $14.00 $1.28 $12.72 $14.00 $1.05 $12.95 $14.00 $0.81 $13.19 $14.00 $0.57 $13.43 $14.00 $0.32 $13.68 $3.77 Remaining Balance $118.38 $106.55 $94.50 $82.23 $69.74 $57.02 $44.07 $30.88 $17.45 $3.77 $0.00 80%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. What is the current balance that Joe Doe owes? $1270.54 2.What is the total amount that Joe charged for this billing cycle? a. List the purchases that Joe made. 3. How much did Joe pay for his last payment? 4. Why was Joe charged $35 by the credit card company? 5. How much interest was Joe charged for this month? 6. What is the credit limit that Joe has for this credit card? a. What is Joe’s available credit? 7. What is APR for purchases for this credit card? 8. What is the minimum payment amount that Joe must make? 9. When is the due date for Joe to make a payment? 10. Did Joe take a cash advance on this credit card? 11.Why did you think the federal government requires that financial institutions place a “Total Minimum Payment Warning” on all credit card statements?
Use the unpaid balance method to find the finance charge on the credit card account. Last month's balance, the payment, annual interest rate, and any other transactions are given below. last month's balance $530 payment $320 interest rate 17.8%bought dog $190 bought pet supplies $90 paid vet bill $70 what is the finance charge
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You have a credit card that charges a monthly interest rate of 1.85 %. The table below shows your activity for the month of May. Date May 1 May 3 May 8 May 17 May 20 May 23 May 31 Activity Beginning Balance Purchase 202.62 Payment Purchase Purchase Purchase Closing date Amount 1050.15 32.52 -1050.15 87.19 13.41 68.85 What is the interest charged on the unpaid balance from the previous month? $1050.15 What is the statement balance due for the May billing period? Question Help: Message instructor
Subject: accounting
Answer this please
Dallas Pierce’s most recent credit card statement follows. His finance charge is 18% APR. Calculate Dallas’s average daily balance, finance charge, and new balance. (Round your final answers to the nearest cent.) 30-day billing cycle 9/2 Billing date $ 1,070 previous balance 9/7 Payment $ 260 cr. 9/13 Charge: Kohl’s $ 450 9/17 Payment $ 280 cr. 9/28 Charge: WalMart 95
Jim Garcia's monthly credit card statement has a previous balance of $405.67. It shows Jim's $300.00 payment. This month's new purchases were $12.50 and $142.32. The account posted a $45.90 credit and the finance charge was $7.65. What is the new balance?
LATION Saved V Mailings Review View Help Grammarly lity: Investigate O Search (Alt+Q) The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: I Days 1-5: $200 (initial balance) Days 6-20: $350 ($150 purchase) Days 21-30: $150 ($200 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [?] Round to the nearest hundredth. DELL Enter
Use the unpaid balance method to find the finance charge on the credit card account for December. The balance at the beginning of the month is 580$. The annual interest rate is 17%. The billing date is December 1st. The transactions on the account for the month are given below. November 1 Finance charge for November November 8 Charged $53 November 10 Amazon refund $182 (item not delivered) November 13 Charged $405 (airplane tickets) November 22 Charged $219 (shopping) November 28 Payment $700 The finance charge for November: $ Balance at the end of November: $ The finance charge for December: $ (Round the answers to nearest cent.)
Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…
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