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 18% and you want to pay off the balance in 1 year.
A. $441.55; $5298.61
B. $251.22; $3014.66
C. $293.38; $3520.51
D. $352.53; $4230.33
Answer: C
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Decide whether the statement makes sense. Explain your reasoning.I have a fixed-rate 30-year mortgage of $120,000 at 6%. I inherited some money recently. If I pay off my mortgage in 20 years instead of 30, the total amount of interest I will end up paying will be less.
What will be an ideal response?
Write the first five terms of the arithmetic sequence with the given first term a and common difference d.a = 4; d = 5
A. 4, 8, 12, 16, 20 B. 4, 9, 14, 19, 24 C. 9, 14, 19, 24, 29 D. 0, 4, 9, 14, 19
Write the first five terms of the arithmetic sequence with the given first term a and common difference d.a = 4; d = 5
A. 4, 8, 12, 16, 20 B. 4, 9, 14, 19, 24 C. 9, 14, 19, 24, 29 D. 0, 4, 9, 14, 19
The formula for the future value of an ordinary annuity of any amount is: 
?
Answer the following statement true (T) or false (F)