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lys-0071 [83]
4 years ago
5

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. He would

like to consolidate his credit cards to a single credit card with an APR of 18% and pay off the balance in 24 months. What will his monthly credit card payment be?
Credit Card Balance APR A $2,380 19% B $4,500 15% C $1,580 17.50% D $900 21%

a. $390.00 b. $462.91 c. $467.29 d. $52.00
Mathematics
2 answers:
Free_Kalibri [48]4 years ago
7 0

The correct answer would be option <u><em>C) $467.29. </em></u>I just did the exam on Edge and got it right.

Brums [2.3K]4 years ago
6 0

Answer:

  c.  $467.29

Step-by-step explanation:

The total of balances is $9360. The payment can be computed using the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^-n)

where A is the monthly payment, P is the principal (total balance), r is the annual rate, and n is the number of months.

Filling in your numbers, we have ...

  A = $9360(0.18/12)/(1 -(1 +0.18/12)^-24) ≈ $467.29

Frank's monthly credit card payment will be $467.29.

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Sedbober [7]

Answer:

The correct answer is Adam rowed faster in the men's 500-meter kayak race.

Step-by-step explanation:

To find the speed he rowed in both races, you need to divide the distance of the race by the time it took him to finish. In the first race, he rowed 500 meters and did it in a time of 1 minute 37.9 seconds, so the speed in that race would be \frac{500}{97.9} or approximately 5.10725 meters per second. In the second race, Adam rowed a distance of 1000 meters and did it in a time of 3 minutes 28.2 seconds, which means his speed in that race would be \frac{1000}{208.2} or approximately 4.80307 meters per second. Since his speed in the first race was faster than his speed in the second race, Adam rowed faster in the first race would be the correct answer.

3 0
3 years ago
Last year your school had 1200 students enrolled, this year your school has135% of that amount enrolled. how many students are e
iren2701 [21]
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7 0
3 years ago
How do u solve 50=pi*2(h+3)
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3 years ago
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3 years ago
Y-intercept is 100 and slope is 5. Partner gave example: Younger brother had 100 small building blocks, but lost 5 of them every
ArbitrLikvidat [17]
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