Jessica borrows $1,000.00 from a credit card company at 18% annually for two years. Determine Jessica’s monthly payment. $51.32 $52.49 $100 $49.93
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Jessica borrows $1,000.00 from a credit card company at 18% annually for two years. Determine Jessica’s monthly payment.
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$51.32 |
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$52.49 |
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$100 |
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$49.93 |
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- Elaine borrows $1,000.00 from a credit card company at 19% annually for two years. Determine Elaine’s monthly payment. $50.41 $52.49 $100 $49.93Lydia borrows $2000 from a credit card company at 23% annually for two years. Determine Lydia’s monthly payments. $103.25 $103.95 $104.75 $106.85Jessica borrows $1,000.00 from a credit card company at 25% annually for two years. Determine Jessica’s monthly payment. Show your work.
- Janet borrows $3500 from a credit card company at 22.5% annually for 3 years. Determine Janet’s monthly payment. Show your work.Janet borrows $3800 from a credit card company at 24.5% annually for 3 years. Determine Janet's monthly payment.Lorna deposited $1,400, at the beginning of every six months for 13 years, in an account at her credit union. If the account paid 8% interest, compounded semiannually, use Table 12-1 from your text to find the future value of her account. $58,304.27 $62,036.44 $64,517.90 $69,954.62
- Your parents contribute $180 monthly to a college savings plan for you that earns 5.4% compounded monthly. The first deposit was exactly 18 years ago. Find the account balance immediately after today’s monthly deposit and crediting of interest. a. $69,456 b. $65,975 c. $45,589 d. $59,689 e. $72,096Kia deposited $1,100, at the BEGINNING of each year for 25 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. A. $73,441.24 B. $80,416.53 C. $86,849.86 D. $87,949.86Darlene applies for an installment loan to consolidate her credit cards. The loan is to be paid in 60 monthly installments with an APR of 16%. Her total balance is $17000. Compute her monthly payment. $413 O $283 O $460 O $370
- Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00Anna receives $150 a month for four years while she attends college to earn a bachelor's degree. At a 6.25 percent discount rate compounded monthly, what are these payments worth to you on the day she enters college? O $4,800.00 $6,355.98 O$4,608.87 O $4,201 20 O $6.789.92Frankie finances a motor home for $44,300 by taking out an installment loan for 36 months. The payments were $1,784.31 per month and the total finance charge was $19,935.16 after 21 months Frankie decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount. $22490.17 $23,897.36 $22,417.77 $23,172.73