One of your customers has just made a purchase in the amount of $29,600. You have agreed to payments of $650 per month and will charge a monthly interest rate of 1.5 percent. How many months will it take for the account to be paid off? Multiple Choice 7718 months 45.54 months 8312 months O 34.97 months 72.03 months

You have asked Raider Bank for a $20,000 signature loan, where you will be charged 1% per month informs you that the terms of the loan requires you to make monthly payments. What is the Excel F your daily payments that will be drawn from your account automatically? 200/12 PUNTO 145 and 200001

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 necessary

Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made the minimum payment of $150 per month on your credit card balance, how long will it take you to pay off a $5,000 balance? Multiple Choice   5.82 years   2.98 years   9.56 years   35.73 years   6.61 years Show all the calculation steps and formulas if necessary

Do you have a total credit card debt of $6000 you receive an offer to transfer this debt to a new card with an introductory APR of 5.5% for the first three months after that direct becomes 18% a)What is the monthly interest payment on $6000 during the first three months?(I assume you pay nothing towards principle I don’t change any further amount on the new card) B) what is the monthly interest payment on $6000 after the first three months

You have a credit card with a balance of $1,367.90 at 9.5% APR. You pay $400.00 each month on due date until the card is paid off. How many months does it take to pay off the card

How to do this question?

K Suppose that on January 1 you have a balance of $2500 on a credit card whose APR is 13%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest? a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total paid since January 1 is $ (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) c. The percentage of the total paid that is interest is %. (Use the answer from part (b) to find this answer. Round to one decimal place as needed.)

One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 per month. You will charge 1.8 percent per month interest on the overdue balance. If the current balance is $18,000, how long will it take for the account to be paid off? 2 3 4 Input area: LO 5 6 Monthly payment 7 Rate per month 8 Current balance 9 10 (Use cells A6 to B8 from the given information to complete this question.) 11 12 Output area: 13 14 Months until paid off 15 $500 1.80% $18,000

Paying off a Discover card. Assume that you have a balance of $3000 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2% of the balance. a. Find a formula for the remaining balance after t monthly payments. b. On what balance do you begin making payments of $50 or less? c. Find how many months it will take to bring the remaining balance down to the value from part b.