Michael has credit card debt of $75,000 that has an 12% APR, compounded monthly. The minimum payment only the requires him to pay the interest on his debt. He receives an offer for a credit with an APR of 4% compounded monthly. If he rolls over his debt onto his card and makes the same monthly payment as before, how long will it take him to pay off his credit card debt?

122 months.

Step-by-step explanation: The first step is to calculate the minimum monthly payment using the debt balance of $75,000 and 12% APR compounded monthly,which = $75,000 × 12% / 12 = $750 . The second step is to use the same $750 as payment, and using a discount rate of 4%/12, calculate the number of months required to pay off the present value (PV) of $75,000 , which = 122 months.

ratios represent a pattern or relationship that can be scaled.

equivalent ratios are pairs of ratios that represent the same relationship between quantities, and can be generated by multiplying or dividing both quantities in the ratio by the same factor.

in this lesson, students will use double number lines and ratio reasoning to solve ratio problems. by partitioning double number lines into proportionate intervals, students will build an understanding of equivalent ratio relationships as those that are generated by multiplying or dividing two related quantities by the same number. this lesson will build upon students' prior understanding of multiplicative comparisons, number line reasoning and equivalent fractions (while highlighting the difference between equivalent fractions and equivalent ratios); and will build toward future work in this unit on building ratio tables, and work in future grades in proportionality, scaling, and expressing and graphing linear functions.

step-by-step explanation:

ratios represent a pattern or relationship that can be scaled.

equivalent ratios are pairs of ratios that represent the same relationship between quantities, and can be generated by multiplying or dividing both quantities in the ratio by the same factor.

in this lesson, students will use double number lines and ratio reasoning to solve ratio problems. by partitioning double number lines into proportionate intervals, students will build an understanding of equivalent ratio relationships as those that are generated by multiplying or dividing two related quantities by the same number. this lesson will build upon students' prior understanding of multiplicative comparisons, number line reasoning and equivalent fractions (while highlighting the difference between equivalent fractions and equivalent ratios); and will build toward future work in this unit on building ratio tables, and work in future grades in proportionality, scaling, and expressing and graphing linear functions.

12.4, 12.387, 12.26, 12.252, 6.241, 6.2, 6.015, 6.009, 1.411, 1.2, 1.056, 1.007, 0.31,   0.13, 0.5, 0.04

step-by-step explanation:

ur welcome : )