Ineed with the formulanewton uses a credit card with a 18.6% apr, compounded monthly, to pay for a cruise totaling $1920.96. he can pay $720 per month on the card. what will the total cost of this purchase be?

Beginning Balance:$1920.96 Finance charge 18.6% *1920.96=357.29
$1920.96+$357.29=2278.25 - payment $720=1558.25 New Balance $1558.25*18.6%=$289.83+new balance=$1848.10-payment $720.00=$1128.10
1128.10*18.6%=$209.83 +new balance=$1337.93- payment $720.00=617.93
New Balance 617.93*18.6%=$114.93+new balance=$732.86-payment 720.00=12.86. That is how you work it out. The interest is compounded monthly,add all the payments he made and all the interest he paid. And you will have your answer.
 

Having a child is expensive, where you need to buy them food, diapers, a chair clothes and more, they also take stance in the house and a lot of caring. But to look on the bright side, baby food isn’t expensive, you may get a lot but in the end of the day it won’t make a big of a difference, because the food prices aren’t as big as surely food, baby food is made out of small portion of ingredients, and imagine host someone eating little more than usual, it would feel like that.