You finance a $500 car repair completely on credit, you will just pay the minimum payment each month for the next three months. The APR is 18.99% and the minimum payment each month is 4% of the balance. Determine the finance charge, carry-over balance, and minimum payment required for each of the next two months, and the starting balance for month 2 in the table below.

Answers

Answer 1

Answer:

Determination of the Finance Charge, Carry-over balance, Minimum Payment for each of the next two months:

Finance Charge:

First month = $7.91

Second month = $7.72

Carry-over balance:

First month = $487.59

Second month = $475.50

Minimum Payment:

First month = $20.32

Second month = $19.81

Starting balance (Carry-over balance + Finance charge):

First month = $507.91

Second month = $495.31

Step-by-step explanation:

a) Data and Calculations:

Credit Finance = $500

APR = 18.99%

Minimum monthly payment = 4% of the balance

Monthly rate of interest = 0.1899/12 = 0.015825

Finance Charge:

First month = $7.91 ($500 * 0.015825)

Second month = $7.72 ($487.59 * 0.015825)

Carry-over balance:

First month = $487.59($507.91 - $20.32)

Second month = $475.50 ($495.31 - $19.81)

Minimum Payment:

First month = $20.32 ($507.91 * 4%)

Second month = $19.81 ($495.31 * 4%)

Starting balance (Carry-over balance + Finance charge):

First month = $507.91 ($500 + $7.91)

Second month = $495.31 ($487.59 + $7.72)


Related Questions

What is the distance between points (6, 9) and (6, −9) on a coordinate plane?

Enter your answer in the box.

Answers

Answer:

18

Step-by-step explanation:

If you go to (6, -9) and count up to (6, 9) it is exactly 18 points.

Answer:

It should be 18 units (IT MIGHT) if you count from positive 9 down to negative 9 its gonna be 18 units.

The printed price of a DVD player is $ 31. If the sales tax is 8% , find the price at which the DVD player is sold?

Answers

Answer:

$33.48

Step-by-step explanation:

A 26-foot long ladder is leaning against a building
at a 60° angle with the ground.
Which of the following equations can you use to
find the height of the building, h?

Answers

Answer:

13

Step-by-step explanation:

cos(60) =building height / 26

Find the value of x.
x = 2
x = 3
x = 33
x = 52

Answers

Answer: x=3

Step-by-step explanation:

Answer:

the answer is b

Step-by-step explanation:

i got 100%

(-4)x(4+4-(6-(-10)) ?

Answers

Answer:

28

Step-by-step explanation:





| Why do we need it? | How to use brackets | The basic rules | The complete rules | Using calculators | Quick quiz |

Why do we need an order of operations?

Example: In a room there are 2 teacher's chairs and 3 tables each with 4 chairs for the students. How many chairs are in the room?

We know there are 14, but how do we write this calculation? If we just write
2 + 3 x 4
how does a reader know whether the answer is
2 + 3 = 5, then multiply by 4 to get 20 or
3 x 4 = 12, then 2 + 12 to get 14?

Find the slope of the line passing through the points (-6, 1) and (-7, 8).

Answers

Hello!

Slope formula:

y2-y1/x2-x1

y2: 8

y1: 1

x2: -7

x1: -6

Plug given values into the equation:

8-1/-7 - (-6)

Subtract

7/-1

Divide

-7

The slope is -7

Answer:

-7

Step-by-step explanation:

Since we have 2 points, we can use the slope formula

m = ( y2-y1) /(x2-x1)

    = ( 8-1)/( -7 - -6)

   = ( 8-1) / ( -7+6)

   = 7/ -1

  = -7

Need help ASAP!!
What slope would make the lines perpendicular?
Y=1/2x+8
Y=[?]x+2

Answers

Answer:

-2

Step-by-step explanation:

Gradient of perpendicular lines is -1

so divide -1 by ½

u get -2

if joey trap has 2 million views and you go check him out how many views will he have no really go check him out 100 points just go look him up its not a joke

Answers

Answer:

lol done

Step-by-step explanation:

Help please jggvnhujff

Answers

Answer:

Step-by-step explanation:

8).  [tex]\left \{ {{4x+3y=1} \atop {x+y=2}} \right.[/tex]

(2) × [ - 3 ]

4x + 3y = 1 ........ (3)

- 3x - 3y = - 6 .... (4)

(3) + (4)

x = - 5

- 5 + y = 2 ⇒ y = 7

( - 5 , 7 )

9). [tex]\left \{ {{-9x+3y=18} \atop {2x+y=-4}} \right.[/tex]

(1) ÷ [- 3]

3x - y = - 6  ......... (3)

2x + y = - 4 ........ (4)

(3) + (4)

5x = - 10 ⇒ x = - 2

2(- 2) + y = - 4 ⇒ y = 0

(- 2, 0)

10). [tex]\left \{ {{x-2y=14} \atop {10x-6y=0}} \right.[/tex]

(2) ÷ 10

x - 0.6y = 0 ⇒ x = 0.6y -----> (1)

0.6y - 2y = 14

- 1.4y = 14

y = - 10

x - 2(- 10) = 14 ⇒ x = - 6

(- 6, - 10)

Now is your turn, you can do it!!

7x1027
Scientific Notation

Answers

7,189 just multiply which you did correctly
7x1027=8,890 I hope this is what your looking for if not sorry

Taylor Swift bought 3 cokes and 2 hamburgers for $15. Kelly Clarkson bought 2 cokes and a hamburger for $9. How much did each coke cost?​

Answers

$3 each cone I think

what is the distance between (2,7) and(4,2)

Answers

♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️

[tex]d = \sqrt{ ({2 - 4})^{2} + ({7 - 2})^{2} } [/tex]

[tex]d = \sqrt{ ({ - 2})^{2} + ({5})^{2} } [/tex]

[tex]d = \sqrt{4 + 25} [/tex]

[tex]d = \sqrt{29} [/tex]

♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️

help needed due today

Answers

Answer:

1 1/4 inches deeper

Step-by-step explanation:

x + 1 3/4 = 2 7/8 HELP ME PLSS

Answers

Answer:

x = 1.125

Step-by-step explanation:

Answer:

x + 1 3/4 = 2 7/8

x + (1 + 3/4) = (2 + 7/8)

8x = 9

x = 9 /8  = 1.125

Step-by-step explanation:

Please help! Sketch the graph of each line.

Answers

Answer:

1) (-3,0) (0,-3)

2) (-2,0)

3) (5,0) (0,-1)

4) (12,0) (0,3)

5) (-16,0) (0,4)

6) (-0.8333,0) (0,5)

How can you use regrouping to solve the equation 32-5 =

Answers

Answer:

-5+32=27

Step-by-step explanation:

-5+32=27

Hope I helped!

Answer: 27

Step-by-step explanation:

you cross out the 3, taking 1 away, turning that 3 to a 2, then crossing out that 2 in 32, you get 12 by adding the 1 with the 2, if that makes sense (I haven't done regrouping in a while) 12-5 is 7, and then the 3, thats now a 2 in 32, 2-0= 2, so you'd result with 27 (if that makes sense at all, I hope it did)

HELP ME PLEASEEEEEEEEEEEEEEEEEEEE

Answers

Answer:AHope this helps!!

EASY MATH!! Find value of these expressions without using calculator!

Answers

Answer: 1, -1, 1, -1

Step-by-step explanation:

if it the power is odd and there is parenthesis the answer will be negative. If it is even then the answer will be positive

Answer:1, -1, 1, -1

Step-by-step explanation:

Even power results in positive for negative numbers, odd power results in negative for negative numbers

The distance around a park is 3/2 miles. Noah rode his bicycle around the park for a total of 3 miles. How many times around the park did he ride? Ill mark you brainliest:3

Answers

Answer:

2 times

Step-by-step explanation:

Answer:

2 times

Step-by-step explanation:

please help with both questions

Answers

Answer:

See comment

Step-by-step explanation:

13 lawns

Cara can ride her bike 6 miles in 24 minutes. Which ratio shows the number of miles to minutes Cara can ride her bike?

Answers

Answer:

1:4

Step-by-step explanation:

24/2=12

6/2=3

12/3=4

3/3=1

So the ratio is 1:4

Here is a list of numbers 5 -17 -3 17 -6 -17 19 -14 -20 state the median.

Answers

Answer:

the answer is -6

Step-by-step explanation:

the median is the number that is directly in the middle of a sequence of numbers

What is the mother land

A-Mother russia

B-Morther amica

C-mother shrek

Answers

Answer:

A

Step-by-step explanation:

Mother Russia is the mother land

PLEASEEE HELP ! I WOULD APPRECIATE IT VERY MUCH :)

Answers

hi!

so the original equation is (x^2 -121) / x+ 11.

Those two equations look similar...

well, we know that the top equation looks like a^2 - b^2, and that equation iis equivalent to this equation: (a+b)(a-b).

So if we factor that out, we get:

( (x + 11) * (x-11) )/ (x + 11)

we can cancel the x+11 on the top and the x+11 on the bottom out.

that leaves us with x-11.

Hope this helped!

PLEASE HELP WITH THIS MATH QUESTION I am so frustrated I can't get it right and this is my last test attempt :(

Answers

its $10.50
6/2 =3
3/.5= 1.5
6+3=9
9+1.5=10.5

A volleyball team drank 7.5 liters of water during their mat9. How many milliliters of water did the volleyball team drink?

Answers

Answer:

7500 milliliters

Step-by-step explanation:

7.5*1000

Does anyone know how to do this? Thanks!

Answers

C. 5

Step-by-step explanation:

The coeff of

[tex] {x}^{5} [/tex]

Is 15.

So by that we can write 3m = 15

m is 5.

noah entered a bike race.He used his red bike because he read that red vehicles get speedjng tickets most often. He rode 32 miles in 160 minutes. How many minutes did it take him to cover 1 min?

Answers

How many minutes did it take him to cover 1 mile? 5 minutes.

Which statement about AABC and ADEF is true?

^^^
A.
B.
C.
D.

Answers

C is the correct answer! If it’s wrong I’m so sorry huh

Dallas was told to run around the perimeter of the high
school as a warm-up for football practice. What is the
total distance that Dallas will run?
148 yards
166 yards
196 yards
256 yards

Answers

Answer:

Option (4)

Step-by-step explanation:

Perimeter of a polygon is the sum of measures of all sides of the polygon.

From the picture attached,

Distance run by Dallas = Perimeter of the ground

                                      = 48 + 50 + 9 + 30 + 30 + 30 + 9 + 50

                                      = 256 yards

Total warm up run by Dallas = 256 yards

Therefore, Option (4) will be the correct option.  

Answer:

b

Step-by-step explanation:

got it right on edge

Other Questions
write the equation for the graph. make sure to include + or - signs to indicate if your number is positive or negative The length of Joe's arm is 28 inches. The length of his lower arm is 21 inches. What percent of Joe's arm is his lower arm? Anton Chekhov is considered the father of the modern __________.moving picturenovelnewspapershort story explain how earth's orbit changes global temperatures State the various purposes that an environmental impact statement must serve. (0,1) (2,3) (4,5) (3,6) (4,2) (3,9) Domain Range Function Given: AB GF = O, E interior of GOB, H interior of AOF. Without changing the picture indicate: PLEASE HELP ILL GIVE BRAINLIEST Theodor Schwann was a German scientist who wanted to understand how different types of cells worked and performed functions in different tissues. He was one of the first to theorize that all living things are made up of cells. Rudolf Virchow was a German doctor who wanted to discover the origin of diseases. He accepted the idea that all living things are made up of cells and extended the idea to theorize that many diseases are the result of bacterial cells infecting the body.The example described above suggests that A. scientific discoveries are never made by doctors. B. scientists always have the same goals when making related discoveries. C. German scientists were the first to disprove cell theory. D. people with different goals can make contributions to scientific knowledge. -4y - 20 +19= -y + 172. Solve for yi posted the same question but they didnt tell me how they got it so could someone show me how they got the answer pleaseee help! im confused and 100 points What is the link between propaganda and rhetorical devices?The person gets brainliest What is Peat coal? Give pictures because I don't know which is peat coal. Based on the chemical equation, use the drop-down menu to choose the coefficients that will balance the chemical equation: ( )O2->( )O3 1 1 2 2 3 3Its one of the numbers for each blank space inside the parenthesis HELP I AM TIMED I WILL MAR BRAINLEST Analyze the photos below and answer the question that follows.Four photos are placed next to each other labeled 1, 2, 3, and 4. 1 is a crowd of people on a street. 2 is a crowd of people inside a building. 3 is an aerial view of a city. 4 is a road in the countryside.Images by Misterzee, Two Wings, ningyou, and John HaynesWhich of the four photos above shows a rural area?A.Image 1B.Image 2C.Image 3D.Image 4Please select the best answer from the choices provided ok this is the last one WILL GIVE BRAINLIEST!!!!!!!In a series circuit, electricity flows along more than one path. TrueFalse Who was responsible for getting Dr. Martin Luther King, Jr. out of jail in October of 1960? Why? number 11 out of 21 Select the correct answer What is the major function of the legislative branch of the government? A directing foreign policy B. directing national defense C creating and modifying laws D. judging court cases E. maintaining public spaces plz help quick! WILL MARK YOU!!! HELP!Where does sugar enter the blood?