Dee's credit card has an APR of 17%, calculated on the previous monthly balance, and Dee makes a payment of $50 every month. Her credit card
record for the last 7 months is shown in the table below.
End of Previous New Payment Finance Principal New
month
balance charges received charges
paid balance
$0.00 $122.00 $0.00
$0.00
$0.00 $122.00
2. $122.00 $56.00
$50.00
?
$48.27 $129.73
3
$129.73 $98.00 $50.00
$1.84 $48.16 $179.57
4
$179.57 $237.00 $50 00 $2.54 $47 46 $369.11
5
$369.11 $75.00 $50.00
$5.23 $44.77 $399.34
6
$399.34 $39.00 $50.00
$5.66 $44.34 $394.00
7 $394 00 $118.00 $50.00 $5.58 $44 42 $467.58
What were the finance charges in month 2?

If the supply of aisle seats and middle seats on an airplane is the same, but the demand for aisle seats is greater than the demand for middle seats, then the equilibrium price of aisle seats will be less than the equilibrium price of middle seats. true false

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)