Read each of the above truth in lending disclosure statements and answer the questions that follow.

1. what happens to the interest rate after six months for credit card #1? 2. which credit cards have an annual fee? 3. is the grace period the same for each of these credit cards? 4. what fees does credit card #3 have that the other cards do not? 5. let's assume that you pay your credit card bill on time and you pay the balance each month. which credit card is the best for you? 6. let's assume that you have a balance from time to time. which credit card is the best for you?

idk

step-by-step explanation:

idk

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.