Answer:
b no.is the correct answer.
There are 2 parts to this question. 1. One would be to calculate the interest based on your balance and 2. then to add the late fee. Use the formula i = prt to calculate your simple interest. <em>i</em> represents the interest you will pay, <em>p</em> stands for the principal (balance on your credit card), and <em>t</em> stands for the period of time (related to a period of a year/annual percentage rate). The $1998 balance times 0.145 times 1/12 gives the interest amount of $24.14. So, $1998 + $24.14 + $37 = $2059.14 balance.
A) The amount financed is the purchase amount less the down payment.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.
What is your question? that made no sense sweet heart.