I Need Help On Some Math.?

The Newest Credit Repair Tools We Reviewed


Business Financing: Unlimited Cash Without Personal Guarantees... Reducing Your Personal Liability And Protecting You And Your Family's Assets... Your Success Is Guaranteed! Credit Lines, Cash Credit Sources And Banking Contacts Revealed! Read more of this article...

Here is a solution to overcome damaged credit, remove bad credit evaluations, correct mistakes on your credit reports and improve your credit scores in the shortest amount of time possible! Do It Yourself Credit Repair has never been so easy with this step-by-step system that’s like nothing you’ve ever seen before! Read more of this article...

Student Loans: Did you know that the children of the Congress and the Senate legally don’t have to repay their student loans? Recent government programs have made it possible for you to reduce your monthly payments all the way to zero and even get the government to pay your loans back for you! Read more of this article...

Identity Theft Deterrent gives the exact steps required to make sure you never become a victim. It shows you how the criminal actually gets at the information they need to steal identities and harm your credit standing so that you can bolt the door firmly shut and keep them out! No Monthly Fees! Read more of this article...

Legitimate US Government Grants Source: Helps applicants to apply and receive government funding by offering a private and exclusive portal with a Step-By-Step DIY Guide to Receive Grants, a Daily Grant Watcher for New and Updated Grant Opportunities, and Opportunities to Hire Grant Writers to help you apply for grants! Read more of this article...

Im taking my senior math, but its like stuff i’ve never seen before and you have to know about banking and stuff… so your help is greatly appreciated.
1.Iona has a previous balance of $754 on a credit card with a 16.8% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit card?
$714.56
$830.67
$704.00
$880.67
2.Ethan opened a credit card at a department store with an APR of 18.24% compounded quarterly. What is the APY on this credit card?
4.56%
19.53%
36.48%
70.76%
3.Which type of interest rate reflects the effects of compounding?
annual interest rate
periodic interest rate
APR
APY
4.Choose the fragment which best completes the following sentence. Interest charges will not be applied to a credit card when
the balance is paid off during the grace period
the minimum payment is made during the grace period
the minimum payment is made before the due date
the balance is paid off during the next billing cycle
5.Katherine uses her credit card to purchase a new television for $709.15. She can pay off up to $350 per month. The card has an annual rate of 25.7% compounded monthly. How much will she pay in interest?
$23.90
$28.88
$8.05
$33.05
6.Debbie opens a credit card with an APR of 12.17% compounded monthly. How much is charged in interest this month if her balance is $950?
$9.63
$12.17
$79.17
$115.62
7.Marilyn uses a credit card with a 19.9% APR compounded monthly to pay for car repairs totaling $991.38. She can pay $410 per month on the card. What will the total cost of this purchase be?
$1,021.01
$1,188.66
$991.38
$1,192.39
8.Ken owes $6,451 on a credit card with an 18.6% interest rate compounded monthly. What is the monthly payment he should make in order to pay off this debt in 12 months, assuming he does not charge any more purchases with the card?
$112.24
$593.27
$1,377.78
$537.58
9.Expert Card has an APR of 11.5% compounded monthly. Passport has a daily periodic interest rate of 0.0385%. Explore has a monthly periodic interest rate of 1.15%. Which card has the higher APR?
Expert Card
Passport
Explore
Expert Card and Explore are equally high

Tags: , , ,

45 Repeat Visitors in the last 1.095 seconds