subject
Business, 19.04.2021 15:30 dianaaivanov

Question 7 of 25 Leroy's credit card has an APR of 21%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. His credit card record for the last 7 months is shown in the table below. End of month 1 2 Finance charges SO,00 946.50 New balance S2GOD OD Previous balance SO 00 S2600 00 $2593 50 52587 02 S2580 55 32574 10 $7567 66 Dal N New charges S2600 00 SO $0.00 SO 00 SO 00 50.00 SO 00 Principal paid 5000 55 60 Se 48 Payment received SO 00 552.00 $51.67 $51.741 55161 56148 55125 $.45 27 S2587 02 $2560 55 $2574 10 5258766 5256124 $45:05 544 93 562 How much of the initial purchase has Leroy paid off over the 7 months? O A. $271.30 O B. $38.76​

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:20
Which of the following areas provides residents with close access to high-paying jobs and cultural attractions? a. the suburbs b. exurbs c. rural areas d. the city 2b2t
Answers: 3
question
Business, 22.06.2019 06:40
Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.
Answers: 2
question
Business, 22.06.2019 10:50
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
question
Business, 22.06.2019 14:20
Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest
Answers: 1
You know the right answer?
Question 7 of 25 Leroy's credit card has an APR of 21%, calculated on the previous monthly balance,...
Questions
Questions on the website: 13722367