Suppose you have a balance of B dollars on a credit card. You choose to stop charging and pay off the card, making only minimum monthly payments. If your card charges an APR of r, as a decimal, and requires a minimum monthly payment of 5% of the balance, then the time T, in months, required to reduce your balance to $100 is given by 2- log(B) T= Suppose your current balance is $8000. (a) How long will it take to reduce your balance to $100 if the APR for your card is 29%? Report your answer to the nearest whole month. x months

A constant continuous income stream of C dollars will be invested into an account for ten years at a continuous annual interest rate of 7%. The goal is to have $100,000 to help pay for college at the end of the ten years. Find the value of C that will produce a balance of $100,000 at the end of the ten years. Enter your value for C accurate to two digits to the right of the decimal point.

A Math 110 student decides to make monthly payments of $1,000 into a retirement account paying 9% interest per year compounded continuously. If the student continues to make these payments for 50 years, compute each of the following values. Account balance after 50 years (exact value): Account balance after 50 years (rounded to the nearest cent) Total of all deposits (exact value) = Total of all interest payments (rounded to the nearest cent) dollars = = dollars dollars dollars

Moneysaver's Bank offers a savings account that earns 6% interest compounded continuously. If Jane deposits 3300, how much will she have in the account after three years, assuming she makes no withdrawals?