Business, 30.12.2021 02:40 kedan12

Natasha had a $922. 93 balance on her credit card at the beginning of September. Her credit card has an APR of 9. 89%, compounded monthly, and a minimum monthly payment of 3. 08% of the total balance. The following table shows Natashaâ€™s credit card purchases over the next two months. Month Cost ($) September 33. 70 October 61. 70 October 27. 80 If Natasha makes only the minimum payments, what will her balance at the beginning of November? (Assume that the interest accrues before the monthly payment, and that the monthly payment occurs at the end of the month. Round all dollar values to the nearest cent. ) a. $1,180. 48 b. $1,064. 55 c. $1,000. 93 d. $1,123. 97.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:40

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

Answers: 3

Answer

Business, 22.06.2019 03:00

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Answers: 1

Answer

Business, 22.06.2019 16:30

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Answers: 3

Answer

Business, 22.06.2019 19:40

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

Answers: 1

Answer

You know the right answer?

Natasha had a $922. 93 balance on her credit card at the beginning of September. Her credit card has...

Questions