Down payment
160,000×0.20=32,000
128000=X[((1-(1+0.085)^(-25))/0.085]
Solve for x
X=12507.10
The answer is D
explanation:
Answer:
to be fair this looks hard but i can do just give me five mins
Step-by-step explanation:
Answer:
(D) "...because he will not have to pay any interest on his purchases during the introductory APR period."
Step-by-step explanation:
There may be many reasons for John to choose one over the other depending on his future and planned usage patterns. However, answer the (D) is the only correct one in terms of stating a reason that is actually supported by the information in the question. Specifically, there is 0% APR for card B.
What's wrong with the other choices:
Choice A: incorrect statement re APR after intro period (is not 1%); B: incorrect statement re cash advance (is not 0%); C: statement is not supported by anything in the information given (it is an assumption, and is unlikely).
Answer: I used to, but it got boring
Step-by-step explanation:
