subject
Mathematics, 20.03.2022 07:20 jasminebrown72

Greg has a credit card which requires a minimum monthly payment of 2. 06% of the total balance. His card has an APR of 11. 45%, compounded monthly. At the beginning of May, Greg had a balance of $318. 97 on his credit card. The following table shows his credit card purchases over the next few months. Month Cost ($) May 46. 96 May 33. 51 May 26. 99 June 97. 24 June 0112. 57 July 72. 45 July 41. 14 July 0101. 84 If Greg makes only the minimum monthly payment in May, June, and July, what will his total balance be after he makes the monthly payment for July? (Assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. Round all dollar values to the nearest cent. ) a. $812. 86 b. $830. 31 c. $864. 99 d. $1,039. 72.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
Asailor is looking at a kite. if he is looking at the kite at an angle of elevation of 36and the distance from the boat to the point where the kite is directly overhead is 40 feet, how high is the kite?
Answers: 1
question
Mathematics, 21.06.2019 18:00
Aman is 6 feet 3 inches tall. the top of his shadow touches a fire hydrant that is 13 feet 6 inches away. what is the angle of elevation from the base of the fire hydrant to the top of the man's head?
Answers: 1
question
Mathematics, 21.06.2019 18:20
The number if marbles of different colors stored in a hat is listed below: 4 red marbles 10 green marbles 7 blue marbles. without looking in the hat, dan takes out a marble at random. he replaces the marble and then takes out another marble from the hat. what is the probability that dan takes out a blue marble in both draws?
Answers: 1
question
Mathematics, 21.06.2019 20:00
Seymour is twice as old as cassandra. if 16 is added to cassandra’s age and 16 is subtracted from seymour’s age, their ages become equal. what are their present ages? show !
Answers: 1
You know the right answer?
Greg has a credit card which requires a minimum monthly payment of 2. 06% of the total balance. His...
Questions
question
Mathematics, 13.07.2019 09:00
question
Mathematics, 13.07.2019 09:00
Questions on the website: 13722361