How long will it take you to pay off the debt

Assignment Help Mathematics
Reference no: EM131919295

Assume you have just opened up your most recent credit card statement. You realize that you have charged too much on your credit card and have racked up $12,000 in debt. If you can only afford to pay $200 each month, and the card charges 15.00 percent APR, how long will it take you to pay off the debt?

Reference no: EM131919295

Questions Cloud

Macrs allowance percentages : The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.
What is the monthly profit for each duopolist : What is the monthly profit for each duopolist if they evenly split the quantity a monopolist would produce?
How do you prepare a memo for the hr manager : How do you prepare a memo for the HR Manager identifying the steps you believe the company should take in seeking a more diverse.
How many should emerson order for the coming holiday season : Korner Hardware manager Emerson Jones is interested in determining how many nativity scenes to order for the 10-day holiday season.
How long will it take you to pay off the debt : If you can only afford to pay $200 each month, and the card charges 15.00 percent APR, how long will it take you to pay off the debt?
Find the standard deviation of demand for the item : You have a one-time chance to purchase an item for $5. The item can be sold to customers for $30. After one day, the item has no salvage value.
Determine the sequence for processing jobs : Using the family version of the Slack Time procedure, determine the sequence for processing jobs 1 through 4 at machine 1.
How many units should be ordered : Jasper's Grocery places an order for Monster every three weeks. Once the order is placed, delivery to the store typically occurs in one week.
For which product would you expect producer to have reaction : For which product would you expect producers to have a stronger reaction to a ban on advertising: music artists or fast-food burgers?

Reviews

Write a Review

Mathematics Questions & Answers

  Absolute advantage in production of both the given services

Suppose that in a one-hour period, you can buy six bags of groceries or clean three rooms. Your housemate, however, is slower moving and can buy only three bag.

  Find the rate of increase of the weekly audience

TELEVISION VIEWING The number of viewers of a television series introduced several years ago is approximated by the function.

  Determine the steady-state probabilities for this transition

Determine the steady-state probabilities for this transition matrix algebraically and explain what they mean.

  Function of federal and state administrative agencies

Research and Review the function of federal and state administrative agencies as they relate to government agencies of the executive department of the federal government and state governments.

  Sketch a graph of the depth of the coffee in the mug

Coffee is being poured into the mug at a constant rate. Sketch a graph of the depth of the coffee in the mug as a function of time. Account for the shape of the graph in terms of concavity.

  Calculate the lattice energy

Construct an enthalpy diagram to calculate the lattice energy of CaCl2 from the following information.

  What is the formula we get for the binomial theorem

What is the formula we get for the binomial theorem if, instead of analyzing the number of ways to choose k distinct y's, we analyze the number of ways.

  What is probability that at least two bags are underweight

Some chips are sold in "bargain packs" of 3 bags. What is the probability that at least two bags are underweight?

  Bounded set of real numbers

Let A be a nonempty, bounded set of real numbers. Show, that sup A >inf A if and only if A contains at least two different points.

  How much does leroy need to invest at a rate

The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Leroy need to invest at a rate of 7% in order to earn $420 interest in 4 years?

  It was agreed that these four must not have to pay for

a grade 11 class on a field trip to montreal had lunch in a restaurant. the bill came to 239.25. four students had

  State the name of the resulting object in each case

list all possible ways of using a square as a polygonal disk with gluing scheme(dont list the same square rotated and /or flipped) (include squares where not all edges are identified). State the name of the resulting object in each case.

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