Determine the monthly percentage rate

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2. Janine's credit card was stolen, and the thief charged a $44 meal before she reported it stolen. How much of this is Janine responsible for paying?

4. Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent credit rating, and Oscar had Felix was given a card with an APR of 14%. What was his monthly percentage rate? Round to the nearest hundredth of a percent.

4. Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent credit rating, and Oscar had a poor credit rating.

Felix was given a card with an APR of 14%. What was his monthly percentage rate? Round to the nearest hundredth of a percent.

Oscar was given a card with an APR of 21%. What was his monthly percentage rate? Round to the nearest hundredth of a percent.

If each of them had an average daily balance of $800 for a specific month, and had to pay a finance charge, how much more would Oscar pay than Felix?

8. Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.2%.

9 days @ $778.12

8 days @ $1,876.00

4 days @ $2,112.50

10 days @ $1,544.31

What is the average daily balance? Round to the nearest cent.

What is the finance charge? Round to the nearest cent

Reference no: EM132732553

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