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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A = 75
B = not sure
C = 156
So the answer is A. Hope it helps :)
Answer:
1 a 2d 3a
Step-by-step explanation:
hope this help even though I'm late
Answer:
c
Step-by-step explanation:
Range is the difference between the largest and the smallest numbers in a given contest
Hence the range
= 46 - 36
= 10 °F
