Define the credit cards using loan balances

Reference no: EM13191775

She has three credit cards with the following loan balances and APRs: Card 1, $4,500, 21%; Card 2, $5,700, 24%; and Card 3, $3,200, 18%. Interest compounds monthly on all loan balances. A credit card loan consolidation company has captured Mary's attention by stating they can save Mary 25% per month on her credit card payments. This company charges 16.5% APR. Is the company's claim correct?

Reference no: EM13191775

Questions Cloud

Compute the weighted average cost of capitol : Assume debt and common equity each represent50% of the firms capitol structure. Compute the weighted average cost of capitol.

In many states and court systems mediation : In many states and court systems mediation is:

Find the midpoint of the midsegment of the trapezoid : The vertices of the trapezoid are the origin along with A(4p, 4q), B(4r, 4q), and C(4s, 0). Find the midpoint of the midsegment of the trapezoid.

What percent of iq score : IQ scores are normally distributed with a mean of100 and standard deviation of15. what percent of IQ score are within 9 points either above or below the mean?

Define the credit cards using loan balances : She has three credit cards with the following loan balances and APRs: Card 1, $4,500, 21%; Card 2, $5,700, 24%; and Card 3, $3,200, 18%. Interest compounds monthly on all loan balances. A credit card loan consolidation company has captured Mary's ..

Experiecned poor communication or poor online etiquette : Describe a situation in which you experiecned poor communication or poor online etiquette. Propose ideas for how communication could have been improved. Why is good online etiquette important?

Compute the heat of the reaction : During an experiment, a student adds 1.05 g of calcium metal to 200.0 mL of 0.75 M HCl. The student observes a temperature increase of 17.0 °C for the solution

What dimensions will give the largest printed area : A poster is to have an area of 250 in2 with 1 inch margins at the bottom and sides and a 3 inch margin at the top. What dimensions will give the largest printed area? (Give your answers correct to one decimal place.)

Design of the website for mobile devices : Describe the differences in developing user interfaces for different application environments - compare and contrast the different types of interactive environments.

User Account

All Pages