Q Question 1. Version 2*/2. Score: 2/2Expand You have $3,000 on a credit card that charges a 15% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Round your answer to the nearest cent. Question 2. Version 2*/2. Score: 11/11Expand Consider the following credit card transactions. Fill in the blanks for the statement. Date Transaction Amount Balance Days Jan 1 Previous Balance $5,000 $5,000 3 Jan 4 groceries $94 $ Correct Correct Jan 14 Amazon order $118 $ Correct Correct Jan 17 chair $93 $ Correct Correct Jan 19 zoo membership $61 $ Correct Correct Jan 27 sports equipment $92 $ Correct Correct Compute the average daily balance. Round to the nearest cent. Question 3. Version 2*/2. Score: 4/4Expand Suppose you have a credit card with an 19.2% annual interest rate, and the statement balance for the month is $1,300. Suppose also that you have already computed the average daily balance to be $962. Find the interest charges for the month. Round to the nearest cent. Question 4. Version 2*/2. Score: 6/6Expand Suppose you have a credit card with the following agreement: The minimum monthly payment is 1% of your balance, plus the interest charges, plus late fees. The annual interest rate is 27.6%. If you have a $6,600 balance on your card, and your average daily balance for the month is $5,412, compute the following, rounding your answers to the nearest cent. The interest charge for the month: $ Correct The minimum payment for the month: $ Correct What percent of your minimum payment goes toward your balance? (Answer as a percentage, rounded to one decimal place.) Question 5. Version 4*/4. Score: 16/16Expand Part 1 of 4 Cheyenne has a credit card which charges 22.4% interest. Here is Cheyenne's statement for the month of September. Date Transaction Amount Sep 1 Previous Balance $8,223 Sep 8 take-out $123 Sep 9 clothes $115 Sep 11 zoo membership $125 Sep 15 books $65 Sep 24 sports equipment $127 What is Cheyenne's balance at the end of September?

View Related Questions