![normarjohnson](/avatars/47141.jpg)
normarjohnson
12.07.2019 •
Mathematics
Jorge has a credit card debt of $7,600.97. jorge’s credit card has an apr of 23.99% and asks that jorge makes a minimum payment of 3.5% of his balance. for jorge’s current balance, what is the minimum payment he must make to the credit card company each month?
a.
$266.03
b.
$228.03
c.
$2,280.29
d.
$2,660.34
if jorge (from #6) pays the minimum payment each month how many months will it take jorge to pay off his balance, assuming he doesn’t make any more charges to his credit card? assume the card compounds monthly. you may want to use the tvm solver
a.
about 43 months
b.
about 23 months
c.
about 29 months
d.
about 30 months
Solved
Show answers
More tips
- H Health and Medicine What is Autism? Understanding the Basics of This Neurodevelopmental Disorder...
- F Family and Home How to Properly Use a Water Level?...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Mathematics
- M Mathematics What can 2/16 be simplified by...
- M Mathematics 9 x 27 + 2 x 31 - 28 = n...
- M Mathematics How many times can 52 go into 8...
- M Mathematics What makes 48 in time table...
- M Mathematics 88 students for 4 classes?...
- M Mathematics Dose every point lie in a quadrant? explain...
- M Mathematics Which of the following numbers does not belong 64,16,36,32,8,4 explain...
- M Mathematics The sides of a hexagon are equal in length. the perimeter of the hexagon is at most 42 in. find the possible side lengths of the hexagon...
- M Mathematics Michael tells sarah he weighs 104 pounds and sarah says she is 44 kilograms who is taller...
- M Mathematics Ajet plane, flying 120 mph faster than a propeller plane, travels 3520 miles in 3 hours less time than the propeller plane takes to fly the same distance. how fast does each plane...
Ответ:
Step-by-step explanation:
1. The calculation for the minimum payment is ...
0.035 × $7600.97 = $266.03
__
2. The answer choices assume that Jorge makes a payment of $266.03 each month. After the first month, the minimum payment due is less than that amount. If Jorge only pays the minimum payment each month the balance will decrease by about 1.5% each month, and it will take about 31 years before the minimum payment is below $1.
The TVM Solver says it will be about 43 months for the card to be paid off if Jorge pays $266.03 each month.
Ответ:
The answer to your question is x = 10
Step-by-step explanation:
To find the sum of the external angles in a polygon use the formula
180(n - 2)/n
n = number of sides
In this polygon n = 6 so,
180(6 - 2)/6 = 180(4)/6 = 720/6 = 120
Then
2x + (x + 10) + (2x) + (x + 10) + (x + 16) + (x + 4) = 120
Simplification
2x + x + 2x + x + x + x = 120 - 10 - 10 - 16 - 4
8x = 80
x = 80/8
Result
x = 10