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Juliette charged $1500 on her credit card to buy a computer. The card has a monthly periodic rate of 22.1%. When the bill comes in January, she decides to make $250 payments for 3 months and then pay it off in April. Fill in the table below rounding to nearest cent. Month                               Balance                             Interest                 January                             1500.00                             0                             February                          --------------                          ----------------                                                 March                              --------------                           ----------------                                             April                                ----------------                         -----------------                                            What will she need to pay in April to pay the credit card in full? _____________

Juliette charged $1500 on her credit card to buy a computer. The card has a monthly periodic rate of 22.1%. When the bill comes in January, she decides to make $250 payments for 3 months and then pay it off in April. Fill in the table below rounding to nearest cent. Month                               Balance                             Interest                 January                             1500.00                             0                             February                          --------------                          ----------------                                                 March                              --------------                           ----------------                                             April                                ----------------                         -----------------                                            What will she need to pay in April to pay the credit card in full? _____________

Essentials Of Investments
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
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  • Juliette charged $1500 on her credit card to buy a computer. The card has a monthly periodic rate of 22.1%. When the bill comes in January, she decides to make $250 payments for 3 months and then pay it off in April. Fill in the table below rounding to nearest cent.

Month                               Balance                             Interest              

 

January                             1500.00                             0                          

 

February                          --------------                          ----------------                                              

 

March                              --------------                           ----------------                                          

 

April                                ----------------                         -----------------                                           

What will she need to pay in April to pay the credit card in full? _______________

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Can you show me how you got your balance after she put the 250.00 in , and how you got the interest? 

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