Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
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<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
Answer:
M will equal 8
Step-by-step explanation:
I got it right
Range= difference between highest and lowest number. 9-1=8. Range is 8
Mode = number that occurs the most. 3 occurs once, 4 occurs 5 times, nine occurs once, and 1 occurs twice. Thus, the mode is 4
Answer:
35
Step-by-step explanation:
5 times 7 cause there are 7 days in a week