You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,150 per month on the card for the next 45 months. The card carries a monthly interest rate of 1.2%. How much money will you owe on the card 46 months from now, when you receive your first statement post-graduation? After 45 months you will owe $. (Round to the nearest cent.)

Michael has a credit card debt of $70,000 that has a 14​% ​APR, compounded monthly. The minimum monthly payment only requires him to pay the interest on his debt. He receives an offer for a credit card with an APR of 6% compounded monthly. If he rolls over his debt onto this card and makes the same monthly payment as​ before, how long will it take him to pay off his credit card​ debt?

You, as a University of Bahrain Business School student, plan to make a series of deposits in an interest-bearing account at National Bank of Bahrain (NBB) for thefuture. You will deposit at the end of each year, BHD 55,692, BHD 55,860, BHD 41,636, BHD 29,398 and BHD 57,276 respectively. If the interest rate is 6%, howmuch will you have after 5 years?

Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $140 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.)

Tuition of $1219 will be due when the spring term begins in 3 months. What amount should a student deposit today, at 6.47%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)

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?

On March 1, 2021, you opened an account with a deposit of $500. You plan to continue to make $500 deposits every year until March 1, 2040, when you will make your last deposit. How much will be in the account on March 1, 2050 if the account earns 5% annually?

You currently have two loans outstanding: a car loan and a student loan. The  car loan requires that you pay $322 per month, starting next month for 34 more months. Your student loan is requires that you pay $145 per month, starting next month for the next 46 months.   A debt consolidation company gives you the following offer: It will pay off the balances of your two loans today and then charge you $511 per month for the next 37 months, starting next month. If your investments earn 4.14% APR, compounded monthly, how much would you save or lose by taking the debt consolidation company’s offer? If you lose, state your answer with a negative sign (e.g., -25,126)

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?