You have 1 account: The balance owed is $405 and a $1500 credit limit. What is your debt-to-credit ratio? Enter your number as a percent and do not include the percent sign.
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You have 1 account:
The balance owed is $405 and a $1500 credit limit.
What is your debt-to-credit ratio?
Enter your number as a percent and do not include the percent sign.
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- Give typing answer with explanation and conclusion Michael can afford car payments of $275 a month for 72 months. The bank will lend him this money at 11.40 percent APR. How much can Michael borrow?Joe just completed his engineering degree and started to work for an engineering firm. Joe wants to retire early after 30 years working. He plans to invest $5,000 at the end of every year for a 30-year career. If Joe needs $3,954,750 in savings at retirement, what interest rate must the investment earn?Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years?
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- Write the formula developed for calculating compound interest?11. Savannah is buying a $190,000 home. She has been approved for a 3.28% mortgage rate. She was required to make a 20% down payment and will be closing on the house on March 11. Her first mortgage payment is due April 1. C. Determine the annual interest for the mortgage. D. What is the interest charged per day? E. How much should she expect to pay in prepaid interest?You have $10,000 to invest. Your bank offers the following 10 year CD's. Account 1 offers 6.85% simple interest. Account 2 offers 6.57% compounded annually. a. How much money will you have at the end of 10 years if Account 1 is chosen? s b. How much money will you have at the end of 10 years if Account 2 is chosen?S Account is the better choice.