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Rzqust [24]
3 years ago
8

Taylor has a credit card with an interest rate of 24.5% compounded monthly that she must pay off in seven years. If her balance

on the credit card is $2,345, what must her monthly payment be?
$27.92

$58.61

$222.31

$732.52
Mathematics
1 answer:
Lyrx [107]3 years ago
8 0
For the answer to the question above, I'll provide a computation to the problem given and it will look like this.
<span>
M = 2345 × (0.0204166667 (1 + 0.0204166667)^(12×7)) / ((1 + 0.0204166667)^(12×7) - 1)

So the answer is 
M= </span><span>$58.61

I hope my answer helped you with your problem. Have a nice day!
</span>
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Aleksandr [31]

Answer: lower bound = 9550

<u>Step-by-step explanation:</u>

Since the number is rounded to the nearest hundred, the actual value is somewhere between 9550 (which rounds up to 9600) and 9649 (which rounds down to 9600).

The lower bound is: 9550

The upper bound is: 9649

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Explain how you can round 25.691 to the greatest place
Nesterboy [21]
  • <em>Are you asking for the thousands place or hundreds place?</em>
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  • <em>For thousands its </em><u><em>30.000</em></u>
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Alexxx [7]
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Answer: 25x^2 - 1^2

Explanation:

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