Paul has a credit card balance of $3000 at the beginning of the month. He pays...

Paul has a credit card balance of $3000 at the beginning of the month. He pays $1500 on the 10th and makes no additional charges. Assuming a 30 day month and a 12 % annual interest rate what would be the interest charge for the month?

Name at least FIVE ways the CARD Act of 2009 protects consumers from predatory lending practices.

What advantages are associated with having a higher credit score?

Using sources on the internet, please list at least seven ways to improve one’s credit score, identifying which component would be affected by each tip. Please make sure to include at least one recommendation for each of the five components.

Expert Solution

ekkarill92 answered 1 year ago

She uses e-commerce or she pays by credit card. She does not pay by credit card....

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1). A credit card company says that their clients have a mean credit card balance of...

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Paul is now 30 years old. He has a job that pays him $60,000/year. He plans...

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credit card payments: The outstanding balance on Bill’s credit card account is $3200. The bank issuing...

credit card payments: The outstanding balance on Bill’s credit card account is $3200. The bank issuing the credit card is charging 9.3%/year compounded monthly. If Bill de cides to pay off this balance in equal monthly installments at the end of each month for the next 18 months, how much will be his monthly payment? What is the effective rate of interest the bank is charging Bill?

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Your credit card has a balance of $550 and an annual interest rate of 17%. With no further purchases charged to the card and the balance being paid off over five years, the monthly payment is ?$137?, and the total interest paid is ?$2720. You can get a bank loan at 9.5% with a term of six years. a. How much will you pay each? month? How does this compare with the? credit-card payment each? month? Select the correct choice...

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