One of your customers has just made a purchase in the amount of $26,400. You have agreed to payments of $550 per month and will charge a monthly interest rate of 1.38 percent. How many months will it take for the account to be paid off? Multiple Choiçce 48.00 months 85.32 months 79.23 months 73.95 months 37.08 months

You just obtained a loan of $12,157 with monthly payments for four years at 5.77 percent interest, compounded monthly. What is the amount of each payment? Instruction: Enter your response rounded to two decimal places. 1 h

Assume that you start with a balance of $3900 on your credit card. During the first month you charge $400 and during the second month you charge $650 Assume that you credit card charges a 29% APR and that each month only the minimum payment of 2.5% of the balance. Table round to the nearest cent 1 month Previous balance, Finance charge- Purchase- New balance 2 month Previous balance, Finance charge- Purchase- New balance

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One of your customers has just made a purchase in the amount of $27,200. You have agreed to payments of $575 per month and will charge a monthly interest rate of 1.41 percent. How many months will it take for the account to be paid off?   One of your customers has just made a purchase in the amount of $27,200. You have agreed to payments of $575 per month and will charge a monthly interest rate of 1.41 percent. How many months will it take for the account to be paid off? Multiple Choice: 36.50 months 84.57 months 78.53 months 73.30 months 47.30 months

Today, you signed loan papers agreeing to borrow $4,954.85 at 12% APR compounded monthly. The loan payment is $142.33 a month. How many loan payments must you make before the loan is paid in full? A. 29.89B. 30.02C. 38.88D. 40.00E. 43.00

If you borrow $7,300 at $800 interest for one year, what is your effective interest rate for the following payment plans? Note: Input your answers as a percent rounded to 2 decimal places. a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective Rate of Interest % % % %

Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $130 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 17 months? (Round your answer to the nearest cent.)

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $590 per month. You will charge .99 percent per month interest on the overdue balance. If the current balance is $14,810, how long will it take for the account to be paid off?   Number of months:

you take out an installment loan to purchase a time share costing $17,000. You make a down payment of $2,500 and finance the balance by making monthly payments of $718.66 for 24 months. Find the APR