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Mathematics, 24.07.2019 03:00 pinsonjon1129
Beverly transferred a balance of $2250 to a new credit card at the beginning of the year. the card offered an introductory apr of 3.6% for the first 3 months and a standard apr of 28.8% for the rest of the year. beverly made no payments or new purchases during the year, and she wasn't charged any late payment fees. the credit card compounds interest monthly. beverly figure out how much money the introductory apr saved her over the course of the year. (5 points: part i – 1 point; part ii – 1 point; part iii – 1 point; part iv – 1 point; part v – 1 point) part i: what was beverly’s balance at the end of the introductory period? part ii: for how many months during the year did beverly have the standard apr? part iii: what was beverlys balance at the end of the year? part iv: what would beverlys balance have been at the end of the year had there not been an introductory apr? part v: how much money did the introductory apr save beverly over the course of the year?
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Beverly transferred a balance of $2250 to a new credit card at the beginning of the year. the card o...
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