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Question: Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1,000, but she has not charged that much since opening the account. Nancy hasn't had the time to review her monthly statements promptly as she should, but over the upcoming weekend she plans to catch up on her work. She has been putting it off because she can't tell how much interest she paid or the unpaid balance in November. She spilled watercolor paint on that portion of the statement. In reviewing November's statement she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November 5, $100 on November 15, and $50 on November 30. She paid $5.27 in interest the month before. She does remember, though, seeing the letters APR and the number 16%. Also, the back of her statement indicates that interest was charged using the average daily balance method, including current purchases, which considers the day of a charge or credit.
1. Find the unpaid balance on November 30 before the interest is charged.
2. Assuming a 30-day period in November find the average daily balance.
3. Calculate the interest for November.
4. What was the unpaid balance for November after interest is charged?
A one minute advertisement on a local television station during prime time(8-10pm on week nights) costs the advertisement $12,800. To the nearest cent ,how much does the advertisement cost per second? Show your work using the dimensional analysis ..
Prove that if g is strictly concave and twice differentiable, then the point x∗ = N (S, d) is the only efficient point x in S satisfying -g" (x1)(x1 - d1) = (x2 - d2).
Let's move to reality for a little while (though it will still be abstracted reality). Why would we want to find a spanning tree?
An absent-minded nurse is to give Mr. Brown a pill each day. The probability that the nurse forgets to administer the pill is 2/3. If he receives the pill, the probability that Mr. Brown will die is 1/3.
Suppose that the function f from A to B is a one-toone correspondence. Let R be the relation that equals the graph of f.
Determine equation of the tangent line and the normal line at the given point on the curve. Graph the tangent and normal Imes on the given graph.
What would happen if a consumer purchased a package of light bulbs and three out of four of them burned out after 200 hours of use when the package states that each bulb should burn for 500 hours? Would you predict that the consumers would return..
find the equations of the bisectors of the angles between the lines 4x3y-120 and
At a raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket.
Let an = 4 - n12 does this sequence converge to a limit. If so what is that limit and show that the sequence does converge to the limit in according to the definition on page 4 in section 10.1. P ∞ 1 (3) Let an = n1.003 n=1 an . Does the series co..
you are going to create a problem involving one of the shapes you are learning about in this unit. choose one of the
A cup of coffee is made with boiling water and stands in a room where the temperature is 20°C. If H(t) is the temperature of the coffee at time t.
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