Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)

6th Edition

ISBN: 9780321914620

Author: Jeffrey O. Bennett, William L. Briggs

Publisher: PEARSON

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Textbook Question

Chapter 4.D, Problem 32E

CredIt Card Debt. Suppose that on January 1 you have a balance of $5000 on the following credit cards, which you want to pay off in the given amount of time. 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 (part (b)) is interest?

32. The credit card APR is 22%, and you want to pay off the balance in 1 year.

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Chapter 4.D, Problem 31E

Chapter 4.D, Problem 33E

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Chapter 4 Solutions

Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)

Ch. 4.A - By evaluating your monthly budget, you can learn...Ch. 4.A - The two things you must keep track of in order to...Ch. 4.A - A negative monthly cash flow means that Your...Ch. 4.A - When you are making your monthly budget, what...Ch. 4.A - For the average person, the single biggest...Ch. 4.A - According to Figure 4.1, which of the following...Ch. 4.A - Which of the following in necessary if you want to...Ch. 4.A - Prob. 8QQ Ch. 4.A - Prob. 9QQ Ch. 4.A - According to data from the National Center for...

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