The amount that Marcia will have saved in interest by consolidating the two balances is: b.$133.92.
<h3>Amount saved in interest</h3>
First step
Calculating for credit card A monthly payment (12% APR) using financial calculator
=pmt(rate,nper,-pv,fv)
Where:
Rate=12%/12=1%
Nper =12 months×4 years=48
PV = $1,389.47
FV=0
Hence:
=pmt(1%,48,-1389.47,0)
=$ 36.59
Second step
Monthly payments 16% APR=$39.38×48
Monthly payments 16% APR =$1890.24
Monthly payments 12% APR=$36.59×48
Monthly payment 12% APR=$1756.32
Third step
Amount saved in interest=$1890.24 -$1756.32
Amount saved in interest=$133.92
Therefore the correct option is B.
Learn more about amount saved in interest here:brainly.com/question/27044125
#SPJ1
Answer:
There is a 15% chance a student chosen at random would have brown sandals.
Step-by-step explanation:
The two equations are in the slope-intercept form, y = mx + b.
m is the slope and it is the rate of change.
b is the constant, and it is the initial value.
Eq. A: y = 3x + 4 ---> rate of change = m = 3; initial value = b = 4
Eq. B: y = 5x + 2 ---> rate of change = m = 5; initial value = b = 2
Now you can see which statement is true.
A. False
B. True
C. False
D. False
Answer:
2e3rfe43rdefde
Step-by-step explanation:
Answer:
see explanation
Step-by-step explanation:
Note the common difference d between consecutive terms of the sequence
8 - 6 = 10 - 8 = 2
This indicates that the sequence is arithmetic with n th term
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Here a₁ = 6 and d = 2, thus
= 6 + 2(n - 1) = 6 + 2n - 2 = 2n + 4 ← explicit formula
Hence
= (2 × 130) + 4 = 260 + 4 = 264
