Monthly for purchases and balance transfers

Assignment Help Basic Computer Science
Reference no: EM131381788

See the credit card offer from State Farm. Read the conditions carefully. Assume the stated APR's are nominal rates, where compounding is Monthly for purchases and balance transfers, and Daily for cash advances (this is typical). You may assume all months are equal length.

A. Linda signs up for the card and immediately transfers a balance of $1000 from her other card. For the next 12 months, she makes no other use of the card except to pay the minimum monthly payment of $25.00 per month. What is her remaining balance at the end of 12 months? Hint: What is her actual interest rate? Try a spreadsheet to make sure you see what is going on.

B. Repeat part (A), but with an initial amount of $2500.00. Assume the monthly minimum payment is still $25.00.

Reference no: EM131381788

New examples base on decision tree

Show information gain computations that you used to induce a complete decision tree and draw the tree. Give the class labels for the following new examples base on your decisi

Prime number program

Write a new program called that converts a nautical speed in knots to a speed in kilometres per hour (km/h). Your program must rst ask the user to enter

Fibonacci sequence in the child process

Write a C program that generates the Fibonacci sequence in the child process. The number of the sequence will be provided in the command line. For example if 10 is provided,

Describes the internet protocol and includes two options

RFC 791 describes the Internet Protocol and includes two options for source routing. Describe three disadvantages of using IP source route options compared to using MPLS for

Normalization crucial for effective database design

Discuss the relationship between data redundancy and normalization. What are the consequences if databases are not normalized? What problems is normalization addressing? Why

Do you think that quote is true

Do you think that quote is true?  Can you find any reference material to support one way or another whether or not that may be true?  How does that statement relate to datab

What is the equilibrium surface temperature

The radiator surface has a solar absorptivity of 0.5 and an emissivity of 0.95. What is the equilibrium surface temperature when the solar irradiation is 1000 W/m2 and the e

Prayer group reflection essay

Ministry requires discipline and ministers must grow in their spiritual lives through spiritual disciplines. Ministers must also know how to help those who are entrusted in th


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd