Solve the problem.Cordelia has a credit card balance of $3574.94 with an annual percentage rate of 24.4%. 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. $1.19
B. $24.40
C. $71.50
D. $72.69


Answer: A

Mathematics

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Starting in the year 2000, the number of speeding tickets issued each year in Middletown is predicted to grow according to an exponential growth model. During the year 2000, Middletown issued 200 speeding tickets  Every year thereafter, the number of speeding tickets issued is predicted to grow by 10%.If PN denotes the predicted number of speeding tickets issued during the year 2000 + N, then

A. PN = 200 × (1.1)N-1 B. PN = 200 × (0.1)N-1. C. PN = 200 × (0.1)N. D. PN = 200 × (1.1)N. E. none of these

Mathematics

Find the APR (rounded to the nearest tenth of a percent) for the loan. ? Purchase a living room set for $4,900 at 8% add-on interest for 4 years. ? __________%

Fill in the blank(s) with the appropriate word(s).

Mathematics

Find the equilibrium vector for the transition matrix.Round the numbers in your answer to the nearest thousandth.

A.
B.
C.
D.

Mathematics

Find the sum of the arithmetic series using a formula.The first 44 terms of the series whose terms are an = 5n

A. 9900 B. 4935 C. 4950 D. 5007

Mathematics