Solve the problem.Cordelia has a credit card balance of $3,111.72 with an annual percentage rate of 19.8%. Her card requires a minimum payment of 2% of the total balance. If she pays only the minimum payment, what amount of the minimum payment is applied to the principal? (Assume that interest is compounded monthly.)
A. $51.34
B. $62.23
C. $19.80
D. $10.89
Answer: D
You might also like to view...
Find the derivative.f(x) = -8e3x
A. -8xe-24x B. -24e3x C. -24xe3x D. -8e-24x
Solve the problem. If necessary, refer to the table below.?Monthly Payments to Repay Principal and Interest on a $1000 Mortgage Term of Mortgage (Years)Constance Hairston obtains a 25-year, $125,250 mortgage at 9% on a house selling for $150,000. Her monthly payment, including principal and interest, is $1051.09. How much of the total cost will be interest?
A. 58.5% B. 60.3% C. 39.7% D. 62.5%
Write a negation of the statement. She earns more than me.
A. She earns less than me. B. She does not earn less than me. C. She does not earn more than me. D. She earns the same as me.
Write using radical notation. Then, simplify, if possible.
A. 2
B. 2p9/7
C. Cannot be simplified
D.