Blake Miller recently received his monthly MasterCard bill for the period June 1-30, 2021, and wants to verify the monthly finance charge calculation, which is assessed at a rate of 23 percent per year and based on ADBs, including new purchases. His outstanding balance, purchases, and payments are as follows: Previous Balance: $303       Purchases:     Payments:   June 4 $111   June 21 $35 June 12 $45       June 20 $127       June 26 $43         What are his ADB and finance charges for the period? (Use a table like the one in Exhibit 6.7 for your calculations.) Round the answers to the nearest cent. ADB:                  $   Finance charges: $

You decide to make monthly $2000 deposits into an account that pays 4% compounded monthly. If your first deposit was on January 1, 2019, then how much is in the account immediately after the deposit on January 1, 2025?

Calvin Johnson has a ​$6,000 debt balance on his Visa card that charges 11.1 percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is 4 percent of his debt​ balance, which is ​$240. How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $240 at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to 5 percent. If Calvin made monthly payments of ​$300 at the end of each​ month, how long would it take to pay off his credit​ card?

) Signe owes $19,561 on her credit card. Calculate the monthly payment if the credit card APR is 18% and Signe pays it off in three years. Assume no additional charges are made to the card. LSS-Comp SP LSS-Cont O O LP

Please help me answer the following time value of money question. Edison borrowed $10,000 from the Niederriter Loan Company. He has to pay off the loan in 36 monthly payments of $500.  What interest rate is he being charged?

Calvin Johnson has a ​$5,500 debt balance on his Visa card that charges 12.2 percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is 4 percent of his debt​ balance, which is ​$220. How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $220 at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to 5 percent. If Calvin made monthly payments of ​$275 at the end of each​ month, how long would it take to pay off his credit​ card?       Question content area bottom Part 1 a.  If Calvin made monthly payments of ​$220 at the end of each​ month, how long would it take to pay off his credit​ card?   enter your response here months  ​(Round up to the nearest​ unit.)

On August 1, Rachael Westlake joined a Christmas Club. Her bank will automatically deduct $120 from her checking account at the end of each month and deposit it into her Christmas Club account, where it will earn 67% interest. The account comes to term on December 1. (Round your answers to the nearest cent.) (a) Find the present value of the given annuity. $ X (b) Interpret the present value of the given annuity. You would have to invest a lump sum of $ X now instead of $120 per month.

On September 8, Bert Sarkis joined a Christmas club. His bank will automatically deduct $50 from his checking account at the end of each month and deposit it into his Christmas club account, where it will earn 8% interest. The account comes to term on December 1.(a) Find the future value of the account, using an annuity formula. (Round your answer to the nearest cent.)$  (b) Find the future value of the account, using the compound interest formula. (Round your answer to the nearest cent.)$  (c) Find Bert's total contribution to the account.$  (d) Find the total interest. (Round your answer to the nearest cent.)$

You wish to deposit $500 dollars per year.  The first deposit will be on April 1, 2017, and your last deposit will be on April 1, 2026.  How much will be in the account on April 1, 2050 if the bank pays 4% annually?