Question: Assume you have a balance of $1000 on a credit card with an APR of 12%, or 1% per month. You start making monthly payments
of $200, but at the same time you charge an additional $100 per month to the credit card. Assume that interest for a given month is based on
the balance for the previous month. The following table shows how you can calculate your monthly balance. Complete and extend the table to
show the balance at the end of each month until the debt is paid off. How long does it take to pay off the credit carddebt?
nts
Fill out the table row by row and continue until the last full payment. Round to the nearest cent as needed.
Month
Payment
Expenses
Interest
New Balance
a
urces
0
---
$1000
es
1
$200
$100
$10
$910
4/7
fing
2
$200
$100
ection
3
$200
$100
4
$200
$100

Answers

Answer 1

1. The extension of the table to show the month-end balances until full debt settlement is as follows:

Month  Payment  Expenses  Interest   New Balance

0                  $0          $0            $0        $1,000

1              $200         $100       $10        $910 ($1,000 - $200 + $100 +$10)

2             $200         $100      $9.10     $819.10 ($910 - $200 + $100 + $9.10)

3             $200         $100      $8.19     $727.29 ($819.10-$200+$100+$8.19)

4             $200         $100      $7.27    $634.56 ($727.29-$200+$100+$7.27)

5             $200         $100      $6.35    $540.91 ($634.56-$200+$100+$6.35)

6             $200         $100      $5.41     $446.32 ($540.91-$200+$100+$5.41)

7             $200         $100      $4.46    $350.78 ($446.32-$200+$100+$4.46)

8            $200         $100       $3.51    $254.29 ($350.78-$200+$100+$3.51)

9            $200        $100        $2.54   $156.83 ($254.29-$200+$100+$2.54)

10          $200         $100        $1.57    $58.40 ($156.83-$200+$100+$1.57)

11           $200         $100        $0.58   ($41.02) ($58.40-$200+$100+$0.58)

Data and Calculations:

Credit card balance = $1,000

APR = 12%

Monthly APR = 1%

Monthly payments = $200

Monthly charge = $100

Learn more: https://brainly.com/question/24317087


Related Questions

After Don ate 1/8 of the pie and Ron ate 1/7 of the remainder of the pie, the other five friends divided the rest of the pie equally among themselves what percent of the original pie did each friend eat?

Answers

x = the whole pie.

well, Don ate (1/8)x, how much was it left?  [tex]x -\cfrac{1}{8}x\implies \cfrac{x}{1} -\cfrac{x}{8}\implies \cfrac{8x-x}{8}\implies \cfrac{7x}{8}[/tex]

well, so that's the remainder.

Then Ron ate 1/7 of the remainder [tex]\cfrac{7x}{8}\div 7\implies \cfrac{7x}{8}\div \cfrac{7}{1}\implies \cfrac{7x}{8}\cdot \cfrac{1}{7}\implies \cfrac{x}{8}[/tex]

well, how much is it left?  [tex]\stackrel{\textit{Don leftover}}{\cfrac{7x}{8}}-\stackrel{\textit{Ron's bite}}{\cfrac{x}{8}}\implies \cfrac{6x}{8}\implies \cfrac{3x}{4}[/tex]

well, there are 5 friends how much did each one get from the whole pie?

[tex]\cfrac{3x}{4}\div 5\implies \cfrac{3x}{4}\div \cfrac{5}{1}\implies \cfrac{3x}{4}\cdot \cfrac{1}{5}\implies \implies \cfrac{3x}{20}\implies \stackrel{\textit{each friend}}{\boxed{\cfrac{3}{20}x}}[/tex]

2/3 of a cup of batter can make 5/6 of a batch of pancakes. How many cups of water are needed to make one batch of pancakes?

Answers

Answer:

1 11/12 cups of water

Would love it if your able to help me :)

Answers

Answer:

x = 2.83163

Step-by-step explanation:

Have a nice day!

and if you have questions on how I found it please ask.

Will give brainliest if helpful and correct

Answers

Answer:

(-2, -1.5)

Step-by-step explanation:

hope this helps!

find the slope from the pair of the points
(-3,-4) (1,5)

Answers

Answer:

2.25

Step-by-step explanation:

m = 9 / 4 = 2.25

points belong to an increasing, linear function.

Equation: y = 2.25x + 2.75.

BRAINLIEST?

1. Mark each of the following graphs as (a) a function, but not one-to-one, (b) one-to-one function, or (c) not a function. In each case, explain how you know. (1 point each)​

Answers

Answer:

  (a) a function, but not one-to-one

Step-by-step explanation:

The graph is of a function if it passes the vertical line test: a vertical line intersects the graph in at most 1 point.

The function is one-to-one if it passes the horizontal line test: a horizontal line intersects the graph in at most 1 point.

__

Here, the graph consists of a series of non-overlapping horizontal lines. It passes the vertical line test (is a function), but a horizontal line can intersect the graph in an infinite number of points (is not one-to-one).

The graph is a function, but not one-to-one.

consider the system of equations. which shows an equivalent system of equations?
see attatched

Answers

Answer:

A.

Step-by-step explanation:

All choices show the first original equation.

Each choice shows a different second equation.

Take the second original equation:

6x + 5y = 30

Multiply both sides by -5.

-30x - 25y = -150

Answer: A.

98546 dividido para
46

Answers

Answer:

2142.30435

Step-by-step explanation:

The answer is 2142 and leaves remainder

Se mezcla café del tipo A de 6 €/kg con café del tipo B de 4,5 €/kg para obtener una mezcla de 60 kg a 5 €/kg. ¿Cuántos kilogramos de café debemos tomar de cada tipo?​

Answers

Bru im an american lad sorry mate i just need thanks

Write the first five terms for the following recursive rule.

f(1)=7
f(n)=f(n-1)+12

Answers

Answer:

PLEASE MARK ME AS BRANLIEST!!!!!

Step-by-step explanation:

a1 = first term; an= an-1 + d a1 = the first term in the sequence an = the nth term in the sequence an-1 = the term before the nth term n = the term number d = the common difference.

{10, 15, 20, 25, 30, 35, } first term = 10, common difference = 5 recursive formula: a1= 10; an= an-1 + 5

f(n) = f(n-1) + 12

f(1) = 7

f(2) = (7-1) + 12 = 18

f(3) = (18-1) + 12 = 29

f(4) = (29-1) + 12 = 40

f(5) = (40-1) + 12 = 51

7, 18, 29, 40, 51

One thousand dollars is deposited into an ordinary annuity after each 6 month period for 2 years. The account pays 4 percent interest compounded semiannually.what is the future value of the account in 2 years ??

Answers

Answer:

  $4121.61

Step-by-step explanation:

Use the formula for the balance of an ordinary annuity.

  A = P((1 +r/n)^(nt) -1)/(r/n)

  A = $1000((1 +.04/2)^(2·2) -1)/(.04/2) ≈ $4121.61

The future value of the account is $4121.61.

What is the equation for the line in slope-intercept form?

Answers

Y=-8/2x+5
Hgfxdffggggujjcfccchhjbvg

cual de estas fracciones es mayor que 2/5?explica como lo has averiguado

Answers

Answer:

33333

Step-by-step explanation:

negative seven times a number is negative two hundred forty five. what is the number?



pleasee i need help

Answers

Answer:

35

Step-by-step explanation:

since i couldn't answer before

a 25 -ft ladder rests against the side of a house. the distance between the top of the lader and the ground is 17 ft more than the distance between the base od the ladder and the bottom of the house. find both distances. ​

Answers

Answer:

Step-by-step explanation:

x² + (x + 17)² = 25²

x² + x² + 34x + 289 = 625

2x² + 34x - 336 = 0

x² + 17x - 168 = 0

x = (-17 ±√(17² - 4(1)(-168))) / (2(1))

x = 7 or - 24   the negative distance makes no sense, but if we plug our good answer of 7 ft in for the base length, the height comes out to be + 24 ft

base = 7 ft

height = 24 ft

What is the answer to 4/5w = 8

Answers

Answer:

w = 10

Step-by-step explanation:

[tex]\frac{4}{5}w=8~(Given)\\\\\frac{5}{4}(\frac{4}{5}w)=\frac{5}{4}(8)~(Multiply~5/4~on~both~sides)\\\\w=10~(Simplify)[/tex]

Answer:7 1/5

Step-by-step explanation:

-4/5 on each side

'and you get w= 7 1/5

(x-3)(2x+1) Can someone help me on this please

Answers

2x^2-5x-3

This is the answer I believe, I apologize if it’s incorrect

Nina brought 25 cupcakes to school for her friends. There were two flavors, chocolate and vanilla. For every 2 chocolate cupcakes she brought, Nina brought 3 vanilla cupcakes.

How many vanilla cupcakes did Nina take to school? Explain.

Answers

The number of vanilla cupcakes that Nina took to school is; 15 vanilla cupcakes

We are given;

Number of cake Nina bought for her friends = 25 cupcakes

There are two flavors namely chocolate and vanilla.

Now, we are told that for every 2 chocolate cupcakes she bought, she bought 3 vanilla cupcakes. Thus;

Fraction of chocolate cupcakes of the total = 2/(2 + 3) = 2/5

Fraction of vanilla cupcakes of the total = 3/5

Thus;

Number of the chocolate cupcakes she bought = 2/5 × 25 = 10 chocolate cupcakes

Number of the vanilla cupcakes she bought = 3/5 × 25 = 15 vanilla cupcakes

Read more at; https://brainly.com/question/14777115

Select the statements which could describe the graph of a nonproportional relationship.


Answers

Answer:

what it says iiiiiiii888i888iiiii

1.8.3 practice - functions
3. Water freezes at 0 Celsius and 32 Fahrenheit. Water boils at 100 Celsius and 212 Fahrenheit.

Answers

Answer:

  A. C(F) = 5/9F -(17 7/9)

  B. slope: 5/9

  C. y-intercept: -17 7/9

Step-by-step explanation:

A.

The question tells us that the independent variable is the temperature in degrees Fahrenheit. Then the given ordered pairs are ...

  (F, C) = (32, 0) and (212, 100)

The slope can be found from the slope formula:

  m = (y2 -y1) / (x2 -x1)

  m = (100 -0)/(212 -32) = 100/180 = 5/9

The y-intercept can be found from the slope-intercept equation for a line:

  y = mx +b

  b = y -mx

Using the first point, we have ...

  b = 0 -(5/9)(32) = -160/9 = -17 7/9

Using the found values for m and b, the slope-intercept equation can be written ...

  C(F) = 5/9F -(17 7/9)

__

B.

The slope was found in part A to be 5/9. This means each degree Fahrenheit corresponds to 5/9 of a degree Celsius.

__

C.

The y-intercept was found in part A to be -17 7/9. This means 0 °F corresponds to -17 7/9 °C.

HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

Answers

Answer:

Fertilizer puts nitrogen into the soil, so using fertilizer puts more nitrogen into the carbon cycle.

When you use fertilizer, its because a certain plant you are planting uses all the nitrogen in the soil, so it won't grow next time. Too much fertilizer, though, would burn up your plant (not literally). Some plants put their own nitrogen into the soil. I can't think of one off the top of my head, but I believe potatoes do. Anyways, this is where crop rotation came into play.

Things like corn take a lot of nitrogen, so the next time you had to plant whatever plant potatoes, which again may be wrong, in order to get nitrogen for the corn to grow next season. Today we have fertilizer, so we can give them nitrogen while they grow, instead of putting in other plants, taking more time.

So really, it doesn't do much, because your plant takes all the nitrogen that the Fertilizer adds.

Answer:

People have been converting atmospheric nitrogen into nitrogen fertilizers and then applying the fertilizers to plants in to grow more crops. This has previously been quite effective, allowing individuals to farm on previously unproductive lands, and provide adequate food for expanding populations of people. Unfortunately, fertilizers are frequently overused, which can lead to issues.

Nitrogen from fertilizers excretes into soils, typically promoting the growth of weeds rather than native vegetation. Nitrogen then washes into streams, resulting in a nutrient overload, a phenomenon known as eutrophication.

Eutrophication causes aquatic weeds to proliferate excessively in freshwater lakes. These aquatic weeds  occasionally occupy entire lakes, streams, or rivers. Green algae cloud the water, and gooey algal slime covers the shallow rocks. 

When nitrogen-rich waters flow down into the ocean, they worsen the situation. High nitrogen concentrations in the Mississippi River Delta have generated a 'dead zone' where the water flows into the Gulf of Mexico. This has occurred every summer for over 30 years. In 2001, this dead zone, where oxygen levels are too low for species to thrive, encompassed over 8000 square miles of water. It occurs when nitrogen in the water enables algae to quickly grow out of control.

Step-by-step explanation:

Great article to look at for more information -

https://www.nytimes.com/2017/07/27/climate/nitrogen-fertilizers-climate-change-pollution-waterways-global-warming.html

Triangles FEG and FDH are similar. If segment DH is 28 units, what is the
measure of segment EG?

Answers

28 units i think. Since they are similar

An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the dice are distinguishable and fair, and that what is observed are the numbers uppermost.
Two dice are rolled; the numbers add to 11.

Answers

Answer:

A woman wants to measure the height of a nearby building. She places a 7 ft pole in the shadow of the building so that the shadow of the pole is exactly covered by the shadow of the building. The total length of the building's shadow is 184 ft, and the pole casts a shadow that is 5.5ft long. How tall is the building? Round your answer to the nearest foot. (The figure is not drawn to scale.)

Step-by-step explanation:

A woman wants to measure the height of a nearby building. She places a 7 ft pole in the shadow of the building so that the shadow of the pole is exactly covered by the shadow of the building. The total length of the building's shadow is 184 ft, and the pole casts a shadow that is 5.5ft long. How tall is the building? Round your answer to the nearest foot. (The figure is not drawn to scale.)A woman wants to measure the height of a nearby building. She places a 7 ft pole in the shadow of the building so that the shadow of the pole is exactly covered by the shadow of the building. The total length of the building's shadow is 184 ft, and the pole casts a shadow that is 5.5ft long. How tall is the building? Round your answer to the nearest foot. (The figure is not drawn to scale.)

What is negative 10 divided by .22

Answers

Answer:

That would be negative 45 or - 45

Please correct me if im wrong

A store sells 6 apples for $2.82. At that rate, how much would 1 apple cost?

Answers

Answer:

$0.46

Step-by-step explanation:

6 apples = $2.82

1 apple = 2.82 / 6

= $0.46

Which expression represents 81 decreased by an unknown number?


81÷a

81a

81−a

81 + a

Answers

Answer:

81 - a

Step-by-step explanation:

Decreased

means to subtract

81 –

by an unknown number

means a variable such as a or x

therefor

81 – a

Could I get help…………

Answers

Answer:

B

Step-by-step explanation:

HOPE IT HELPS <3

MARK as brainliest

có 100 công nhân sản xuất trong một ngày được 1200 đợn vị sản phẩm với tổng chi phí là 2400 USD

Answers

Answer:

4 better inbox

Step-by-step explanation:

What is .7899 rounded 4 decimal places

Answers

.7899 rounded is .79. But in you want to convert/round it all the way it’s 1. But .79 makes more sense. Or .8. Which ever one works!!


Hope this helped. :)

Simplify the linear expression

-5/8a+2/3-1/4a-5/6

Enter your answer as simplified fractions in the boxes.

Answers

Answer:

[tex]\huge\boxed{-\frac{7}{8}a - \frac{1}{6}}[/tex]

Step-by-step explanation:

This question utilizes combining like terms and common denominators. First you have to convert both terms including "a" to have a denominator of 8. You would do this by multiplying both the numerator, and the denominator by the same value. This value in the case of [tex]-\frac{1}{4} a[/tex] would be 2, and in the case of [tex]\frac{2}{3}[/tex] the value would be 2. This would result in the equation: [tex]-\frac{5}{8}a+\frac{4}{6}-\frac{2}{8}a-\frac{5}{6}[/tex]. Then simply combine like terms to get your final answer.

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