Business, 18.03.2021 01:00 beccca16

Dawn's credit card has an APR of 15%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first
purchase. 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
1
$0.00 $1700.00 $0.00
$0.00
$0.00 $1700.00
2 $1700.00 $0.00
$34.00 $21.25 $12.75 $1687.25
3 $1687.25 $0.00
$33.75
$21.09 $12.65 $1674.60
4
$1674.60 $0.00 $33.49 $20.93 $12.56 $1662.04
5 $1662.04 $0.00
$33 24 $20.78 $12.47 $1649 57
$1649.57 $0.00 $32.99 $20.62 $12.37 $1637 20
17 S1637.20 $0.00 $32.74 $20.46 $12.28 $1624.92
0) OWN
What is the total amount that Dawn has paid in interest over the 7 months?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:40

Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.

Answers: 3

Answer

Business, 22.06.2019 20:50

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?

Answers: 1

Answer

Business, 22.06.2019 21:00

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?

Answers: 3

Answer

Business, 22.06.2019 22:00

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Answers: 1

Answer

You know the right answer?

Dawn's credit card has an APR of 15%, calculated on the previous monthly balance, and a minimum pay...

Questions