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NARA [144]
2 years ago
3

3. You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you

save by paying at the beginning of the month versus at the end of the month?
$
4. Imagine you put the $300 in a savings account earning 3.0% APR instead of using it to pay down your credit card as in Problem 3. What is the difference between the interest your savings account would earn that month vs. the interest that would accrue on your credit card that month if you didn't use the $300 to pay it down?
$

Mathematics
2 answers:
Anastasy [175]2 years ago
0 0
1) Find the monthly rate 14.25% / 12 = 1.1875%
If you pay at the beginning of the month
1350 -300= $1050
If you pay at the the end of the month
1350+ (1350*1.1875%)-300= $1,066.03
So I saved
1066.03-1050=$16.03 saved

2)$300 in a savings account earning 3% APR would earn 300*(3%/12) = $0.75 in one month.
$300 on a credit card at an APR of 14.25% would cost you 300*(14.25%/12) = $3.56 in one month. If you spend $3.56 on the credit card to earn $0.75 in the savings account by choosing to bank the $300, you lost $2.81.

Hope it helps:-)
Amanda [17]2 years ago
0 0

Answer:

Step-by-step explanation:

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Lera25 [3.4K]
<span>q =r/2(s+t) for t
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What is the equation for the linear model in the scatter plot obtained by choosing the two points to the closest line?
sergiy2304 [10]
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For Problems 21 and 22, use Figure 4.5a.
Leno4ka [110]

Answer:

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Step-by-step explanation:

5 0
2 years ago
Explain why the following expression is false. |x| &lt; -4
levacccp [35]

Step-by-step explanation:

Whenever we put a negative number inside a modulus function it will give us the positive output. For example , |-3| = 3 , |-6|=6, |5|= 5 ,etc.

So a modulus function i.e. |x| is always greater than zero ( positive ) when x is any number except 0 and it is equal to zero when the value of x is 0.

So |x| can't be less than -4 as |x| is always positive . So the statement is false.

8 0
2 years ago
One of the factors of the polynomial x3 − 5x2 is x + 3. What is the other factor?
blondinia [14]

Answer:

C. x² − 8x + 24 − 72/(x+3)

Step-by-step explanation:

See attached picture for long division method.

Logically, we know x³ − 5x² factors to x² (x − 5).  Since x + 3 isn't a factor, we know the remainder isn't 0.  So we can narrow the options down to A or C.

One way to find the remainder is through long division.  Or, since this is multiple choice, we multiply the options by x + 3 and see which one results in an answer of x³ − 5x².

(x + 3) (x² − 8x + 24 − 72/(x+3))

(x + 3) (x² − 8x + 24) − 72

x³ − 8x² + 24x + 3x² − 24x + 72 − 72

x³ − 5x²

6 0
2 years ago
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