Last month the average daily balance on Caitlins credit card was $1854.85 that there were 28 days in that month and her annual interest rate was 17.3% what is the amount of interest that she will pay on her credit card that month

Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest compounded quarterly. After 7 years, the amount in the account should be? What kind of account is this

Use the unpaid balance method to calculate the finance charge on Joanna's credit account if last month's balance was $1,350, she made a payment of $375, she bought hiking boots for $120, and she returned a jacket for $140. Assume an annual interest rate of 21%.

Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month Previous Month's Balance (in $) Finance Charge (in $) Purchases and Cash Advances Payments and Credits New Balance End of Month (in $) June $824.08 $14.42 $159.38 $300.00 $697.88 July $ $ $72.59 $140.00 $ Need Help? Read It

5 Suppose Anita has a credit card with an APR of 16% compounded monthly. Her current monthly credit card statement shows a balance of $400, in response to which she pays $80.00. In the following month (month 1), she makes charges amounting to $185. When she receives her next statement, Anita makes a payment of $100.00 to reduce the new balance, and the next month (month 2) she makes charges totaling $75.00. Complete a table like the following. Month 1 Month 2 Previous Balance Payments Purchases Finance Charge New Balance

The previous statement for your credit card had a balance of $570. You make purchases of $130 make a payment of $80. The credit card had an APR of 24%. What is the finance charge for this month?

Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month PreviousMonth'sBalance(in $) FinanceCharge(in $) Purchasesand CashAdvances Paymentsand Credits New BalanceEnd of Month(in $) April $641.17 $11.22 $31.45 $85.00 $598.84 May     $283.33 $135.00

On October 24, you plan to purchase a$1500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a s0 balance as of October 1. The closing date is the end of the month for each card. Your plan is te make a 00 payment in November, make a500 payment in December, and pay off the remaining balance in January, All your payments will be received and posted en the 1oth of each month. No other tharges will be made on the acount. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in s) charged by each card for this purchase Silver Card Gold Card (b) Which card is the better deal and by how much (in $)7 The Goid Card s the better deal by s49 02

On May 4 Ariel signed a simple discount note for $3,500 at 31/2% for 60 days. Calculate the proceeds she will receive on May 4. Calculate the amount she will pay at maturity Determine the date it will be due.

Assume you have a credit card that has a 24% APR and you have an average daily balance of $1,500.00. Assume there are 12 equal monthly billing cycles on the credit card. Respond to the following two (2) questions: (a) what is the approximate finance charge that you would owe for one month, assuming you did not repay any principal? (b) What is the approximate finance charge that you would owe for one year, assuming you did not repay any principal?