Solve the problem.Under what circumstances is the average daily balance method a more favorable method to the borrower than the previous balance method? Explain.
What will be an ideal response?
The average daily balance method is more favorable to the borrower than the previous balance method when the borrower's partial payments exceed the new charges during the current billing cycle. This negative balance will serve to reduce the finance charges in the average daily balance method but will not change the finance charges at all in the previous balance method.
You might also like to view...
Determine whether the statement is an expression or an equation.9(8 + 7) = 117 + 2(9)
A. Expression B. Equation
The following data show the speed S, in miles per hour, of a car when the brakes are applied and the stopping distance D, in feet. S 15 25 35 60 75 D 44.1 85.07 136.72 304.49 433.32? A: Use power regression to model the stopping distance as a function of the speed. Use two digits of accuracy for the coefficient and for the power.B: Plot the data along with the power model you found in part A.C: According to the power model, if the speed is multiplied by 3, how is the stopping distance affected? Round your answer to two decimal places.
What will be an ideal response?
Fill in the blank with one of the choices listed below. Some choices may be used more than once. 
To add or subtract decimals, write the decimals so that the decimal points line up 
.
A. right triangle B. circumference C. standard form D. vertically
Write the series with summation notation.20 + 28 + 36 + 44 + 52
A. 
B. 
C. 
D. 