Decide whether the statement makes sense. Explain your reasoning.Sandi has a credit card balance of $4000. The credit card company charges interest of APR = 18%, compounded daily. She's broke. She figures if she skips making any payments for three months, she'll end up owing an extra $180 at the end of the three months. That's because 18% APR is equivalent to 1.5% monthly and 1.5% of $4000 is $60, and 3 times $60 is $180.
What will be an ideal response?
No, the statement does not make sense. The extra amount she will end up owing after three months will be more than $180. She is neglecting that the interest is compounded daily. Also at the end of each month she will be charged a late fee which will be added to the balance. Interest will then accrue on the late fees as well.
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A. $14,825 B. $22,925 C. $24,773 D. $16,673
Establish the identity.csc 
= sec u
What will be an ideal response?