How long will it take kate to pay for the same purchase

Assignment Help Financial Management

Reference no: EM131307306

1. How long will it take Kate to pay for the same purchase if the minimum payment is changed to 3% of the outstanding balance of $3,750 but the interest rate is raised to 23%? How much interest will she pay in total?

2. Calculate the average daily balance (ADB) and the finance charge on Drew's account that has 9.5% APR and a 30-day billing cycle. His January statemen.

$425.89 balance carried from December

$133.15 K-Mart charge on January 5

$76.95 Greek Cuisine restaurant charge on January 8

$150.00 payment paid on January 10

$25.25 Texaco gas charge on January 11

$33 15 Target charge on January 21

$80.00 health club charge on January 26

$17.85 Wal-Mart charge on January 28

Reference no: EM131307306

Questions Cloud

What is bucky fullers dymaxion house attempting to achieve : What is Bucky Fuller's Dymaxion house attempting to achieve? Why did it fail? In what ways did it succeed? What is the relationship between the Republic of Congo and the art nouveau? What is the whiplash style?

How a client or server can change this situation : HTTP version 1.1 defines the persistent connection as the default connection. Using RFC 2616, find out how a client or server can change this default situation\ to nonpersistent.

Finding the overdamped step response : EGR251 Term Project - The Step Response of RLC Circuits. The initial energy stored in the circuit in Figure 1 is zero. The dc voltage source, 5V, is applied to the circuit at t = 0. The value of the inductor is 25 mH and the capacitor is 25nF. Find..

Discuss the treatments or interventions : Evaluate three peer-reviewed research studies using the University of Phoenix Material: Research Analysis.Discuss the treatments or interventions that have been shown to be the most effective for your selected disorder.

How long will it take kate to pay for the same purchase : How long will it take Kate to pay for the same purchase if the minimum payment is changed to 3% of the outstanding balance of $3,750 but the interest rate is raised to 23%? How much interest will she pay in total?

How many bytes are in the encoded message : Compare the results of the two previous cases. How much is the efficiency improved if the message is a combination of ASCII and non-ASCII characters?

What is the adjusted tax value of the franchise : CISC8805 Taxation - What is the tax treatment of the franchise agreement payment of $140,000 and what is the adjusted tax value of the franchise at the end of year 4? How should Bruce treat this amount for tax purposes?

Write essay that charts commonality between historic periods : Write an essay that charts the commonalities between these historic periods. In short, you should link the cultures of the 16th and 18th centuries by highlighting shared ideas and traditions in art that appeared during the Renaissance and reappea..

Calculate their debt limit : The Smith family has a gross income of $85,000 a year and they pay the following bills:- Calculate their Debt limit.

User Account

All Pages