L Suppose you have a credit card balance of $15,000 and you want to pay it off in two years. What will the monthly loan payment be if the APR on the credit card is 24%?
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- Imagine you have a credit card balance of $1,000 that you would like to pay off within one year. The annual interest rate on that credit card is 16%, but interest compounds monthly, and you are required to make a payment each month. What amount would you have to pay monthly to pay off this balance within one year? Question options: a $90.71 b $80.66 c $83.33 d $99.12answer quicklyHelp me olease get through this problem
- Consider a credit card with a balance of $7000 and an APR of 12.5%. If you want to make monthly payments in order to pay off the balance in 11 year, what is the total amount you will pay? Round your answer to the nearest cent, if necessary.How much would you need to deposit in an account each month in order to have $40,000 in the account in 10 years? Assume the account earns 2% interest. S Submit Question Search 1What rate of interest will you have to get per year if you would like to buy a car for $68,500 at the end of 11 years, if you start a money-market account with $3,000 and are ready to deposit $400 at the end of each month? 3.45% 4.00% 5.43% 6.31%
- do solve it asap Suppose you plan to deposit $1000 at the end of each month into an account for eight months. If the account pays a simple interest equal to 15% annually, what is the value of your deposits at the end of the year?onsider a credit card with a balance of $8500 and an APR of 14.5%. If you want to make monthly payments in order to pay off the balance in 11 year, what is the total amount you will pay? Round your answer to the nearest cent, if necessaryConsider a credit card with a balance of $9000 and an APR of 16.99% . In order to pay off the balance in 3 years, what monthly payment would you need to make? Round your answer to the nearest cent, if necessary.
- VijayNoneQUESTION 2 You plan to buy a car that has a total cost of RM80,700. You will make a down payment of RM8,070. The remainder of the car’s cost will be financed over a period of 2 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 12% compounded monthly. What will the monthly payment be?