Explanation:
<u>Part 1</u>
The total monthly payment will remain level at the amount currently scheduled for Month 1. The revised totals are shown at the bottom of the attachment.
When Card C is fully paid, the same total payment will continue to be used until all card debts are paid.
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<u>Part 2</u>
The excess over the sum of minimum payments will be applied to Card C (24% rate). The minimum payment will continue to be made for the other credit cards. The revised Card C payments are shown at the bottom of the attachment.
When Card C is fully paid, the excess over the sum of minimum payments will be applied to Card B (20% rate).
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<em>Comment on the question</em>
You can't think too much about the given numbers. The minimum payment amounts given here decrease way faster than you would expect. For example, the $1.36 decrease in the minimum payment for Card A from Month 1 to Month 2 corresponds to a balance decrease of more than $90 when the interest rate is 1.5% per month. That is not possible if the payment is only $32.19.
Apparently, the question is not about the actual numbers. Rather, it is about the strategy of debt reduction. Some (bogus) numbers are given here just so you have something to think about.
The approach described in the problem statement has been given the name "debt avalanche" to distinguish the approach from Dave Ramsey's "debt snowball." The "debt snowball" approach pays off the <em>minimum balance</em> first, not the highest interest rate. It also includes some extra cash above the sum of minimum balances. ($100 is suggested; more is better.) The psychological effect of the quick win is considered to be more important than the extra cost of carrying the higher-rate debt for a longer period.
First, note that
Then

Consider all options:
A.

By the definition,

Now

Option A is true.
B.

By the definition,

Then

Option B is false.
3.

By the definition,

Now

Option C is false.
D.

By the definition,

As you can see
and option D is not true.
E.

By the definition,

Then

This option is false.
<span>Juan, because 186/140 is more than any of the other percentage increases</span>
Answer:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Let X the random variable that represent interest on this case, and for this case we know the distribution for X is given by:
And let
represent the sample mean, the distribution for the sample mean is given by:
On this case
Solution to the problem
We want this probability:
The best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
<h3>
Answer: (C) (14,8)</h3>
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Explanation:
The perimeter of the square is 36, so each side length is 36/4 = 9 units.
Point B is located at (5,17). We move down 9 units to get to (5,8), which is the location of point A. Then we move 9 units to the right to arrive at (14,8) which is point D's location.
Or we could go from B = (5,17) to C = (14,17) and then to D = (14,8). Each time we move 9 units.