Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card.The credit card APR is 20% and you want to pay off the balance in 4 years.
A. $83.40; $4003.29
B. $97.38; $4674.10
C. $135.85; $6520.56
D. $116.98; $5614.96
Answer: B
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Interest compounded monthly on a $10,000 principal amount at 18% for two years is
A. $1,800. B. $3,600. C. $3,924. D. $4,295.
Parker Posie wants to determine how much she must deposit today at 14% interest to provide four withdrawals of $26,000 at the end of each year, beginning five years from now. This is an example of the present value of
A. an ordinary annuity. B. an annuity due. C. a compound annuity due. D. a deferred ordinary annuity.
Use the given stock table to answer the question.How does the share price for company ABC compare to the profit per share that it earned in the past year?
A. earnings = 26 × price B. price = 2.5 × earnings C. price = 25.13 × earnings D. price = 26 × earnings
Simplify the expression.2 cos2 4x - 1
A. 2 sin 4x
B. cos 8x
C. cos 4x
D. 
sin 16x