Question
In: Finance
Phoebe realizes that she has charged too much on her credit card and has racked up...
Phoebe realizes that she has charged too much on her credit card and has racked up $5,000 in debt. If she can pay $250 each month and the card charges 20 percent APR (compounded monthly), how long will it take her to pay off the debt, in months?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Phoebe realizes that she has charged too much on her credit card and has racked up...
Phoebe realizes that she has charged too much on her credit card
and has racked up $5,000 in debt. If she can pay $250 each month
and the card charges 20 percent APR (compounded monthly), how long
will it take her to pay off the debt, in months? (Round your answer
upwards to the nearest whole number of months and do not use
decimals. For example, 9.6 months rounds to 10 months.)
Joey realizes that he has charged too much on his credit card and has racked up...
Joey realizes that he has charged too much on his credit card
and has racked up $4,200 in debt. If he can pay $175 each month and
the card charges 15 percent APR (compounded monthly), how long will
it take him to pay off the debt? (Do not round intermediate
calculations and round your final answer to 2 decimal
places.)
Joey realizes that he has charged too much on his credit card and has racked up...
Joey realizes that he has charged too much on his credit card
and has racked up $5,100 in debt. If he can pay $125 each month and
the card charges 18 percent APR (compounded monthly), how long will
it take him to pay off the debt? (Do not round intermediate
calculations. Round your final answer to 2 decimal places.)
Time to pay off the debt months:_________________
"Joey realizes that he has charged too much on his credit card and has racked up...
"Joey realizes that he has charged too much on his credit card
and has racked up $4,000 in debt. If he can pay $250 each month and
the card charges 18 percent APR (compounded monthly), how long will
it take him to pay off the debt assuming no new purchases are made
on the card (Show answers in months)?"
18.4
14.5
11.9
22.9
16.0
Joey realizes that he has charged too much on his credit card and has racked up...
Joey realizes that he has charged too much on his credit card
and has racked up $5,900 in debt. If he can pay $150 each month and
the card charges 12 percent APR (compounded monthly), how long will
it take him to pay off the debt? (Do not round intermediate
calculations and round your final answer to 2 decimal places.)
She uses e-commerce or she pays by credit card. She does not pay by credit card....
She uses e-commerce or she pays by credit card. She does not pay
by credit card. Using a truth table we get result ending T T F F
with the T matching with T's in premsis so it is valid,
but in this problem the only Ts from the premises match with the
T in ending column of truth table MY QUESTION IS WHY IS THIS
INVALID WHILE THE ABOVE IS VALID DOES IT HAVE TO BE A TATUOLOGY TO...
Nancy is reviewing her November credit card statement. Her beginning balance was $605 and she made...
Nancy is reviewing her November credit card statement. Her
beginning balance was $605 and she made a $250 payment on
November 10. She made purchases of $80 on November 5, $110 on
Novemeber 15, and $50 on November 30. Her APR is 12% and the
interest was charged using the average daily balance method,
including current purchases, which considers the day of a charge
or credit.
Sarah has maxed out her credit card and owes $20,000. The annual interest on her credit...
Sarah has maxed out her credit card and owes $20,000. The annual
interest on her credit card is 18%.
The minimum payment for some credit cards is 2% of what you
owe. What is Sarah’s payment?
Suppose Sarah continues to pay the amount found in part 1, how
long until she has paid off her credit card dept? Assume she
doesn’t charge anything else.
What is the total amount she spent to cover the $20,000
debt?
Suppose Sarah decides to...
2. Jolene wakes suddenly to her alarm clock and realizes that she is late for her...
2. Jolene wakes suddenly to her alarm clock and realizes that
she is late for her 9:15am CBIO2210 class. She jumps to her feet,
feels dizzy and lightheaded for a moment, then hops into the
shower. Draw a diagram / flowchart / picture of the sequence of
events that occurred when she jumped up that overcame her dizzy
feeling and prevented her from losing consciousness. Include the
receptors, the control center, at least one effector site,
information traveling between receptors...
Ashley had $10,000 in credit card debt. She negotiated a settlement with the credit card company,...
Ashley had $10,000 in credit card debt. She negotiated a
settlement with the credit card company, and the credit card
company agreed to cancel $6,000 of the debt.
If Ashley has total assets of $25,000 and total liabilities of
$50,000 at the time the debt was cancelled, what amount of gross
income does Ashley have as a result of the credit card company
cancelling $6,000 of her debt?
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