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.
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Answer:
its option B
Step-by-step explanation:
Answer:
Step-by-step explanation:
The average rate of change for this function, which is a line, is the slope of the line. We are given domain values of -2 and 2. In order to apply the slope formula, we need the y values that go along with those x values. So we evaluate the function at x values of -2 and 2:
f(-2) = -3(-2) + 2
f(-2) = 6 + 2 so
f(-2) = 8 and the coordinate is (-2, 8)
f(2) = -3(2) + 2
f(2) = -6 + 2 so
f(2) = -4 and the coordinate is (2, -4)
Now we can apply the slope formula:
Answer:
Please see the attached file the complete answer.
Step-by-step explanation: