beav0919cnnowyfe2

30.11.2019 • 

Mathematics

You have a credit card with a balance of $754.43 at a 13.6% apr. you have $300.00 available each month to save or pay down your debts.

a. how many months will it take to pay off the credit card if you only put half of the available money toward the credit card each month and make the payments at the beginning of the month?

b. how many months will it take to pay off the credit card if you put all of the available money toward the credit card each month and make the payments at the beginning of the month?

Ответ:

osmanysalvador9

11.01.2022

Mathematics

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We are given
P = $754.43
r = 13.6% annual

for a.
A = 150
for b.
A = 300

First, change the interest into effective monthly
i = (1 + 0.136/12)^12 - 1
Solve for i

Next, use the general formula
A = P i ( 1 + i)^n / (1 + 1)^n - 1
Subsitute P, i, and A for a and b.
Then, solve for n for a and b.

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Ответ:

GreenHerbz206

12.05.2023

Mathematics

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874.93

Step-by-step explanation:

550.52+324.41=874.93

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