How much interest will she pay in total

Reference no: EM131287415

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 statement

Reference no: EM131287415

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