User Account

All Pages

What is the finance charge for the month

Assignment Help Mathematics
Reference no: EM131088838

1. Phillamone Berry has a car loan with a company that refunds interest using the rule of 78 when loans are paid in full ahead of schedule. He is using an employee bonus to pay off his Traverse, which is on a 42-month loan. The total interest for the loan is $2,397, and he has 15 more payments to make. How much finance charge will he get credit for if he pays the loan in full immediately?

2. Dwayne Moody purchased a four-wheel drive vehicle and is using severance pay from his current job to pay off the vehicle loan before moving to his new job. The total interest on the 36-month loan is $3,227. How much finance charge refund will he receive if he pays the loan in full with 10 more payments left?

3. A credit card has an average daily balance of $2,817.48 and the monthly periodic rate is 1.325%. What is the finance charge for the month?

4. What is the finance charge on a credit card account that has an average daily balance of $5,826.42 and the monthly interest rate is 1.55%?

Reference no: EM131088838

Questions Cloud

Construct new vision statement : Construct a new vision statement for Target Inc Provide sufficient analysis and description as to why this new vision will be more useful. Create a new mission for the organization.
Applications in a language and system independent way : Which is the protocol for performing RPCs between applications in a language and system independent way?
What is the income elasticity of demand : Assume that VCRs continue to be sold at $200 per unit while average income increases from $30 thousand to $50 thousand. Assume also that the price for DVD players remains steady at $500. Using the midpoint method, what is the income elasticity of dem..
Write a program to be downloaded onto one of the demo boards : Write a program to be downloaded onto another demo board (called board B). This program will send out the number of data frames received so far over the CAN bus. This program will use the letter R as the identifier. After the number reaches 99, th..
What is the finance charge for the month : Dwayne Moody purchased a four-wheel drive vehicle and is using severance pay from his current job to pay off the vehicle loan before moving to his new job. The total interest on the 36-month loan is $3,227. How much finance charge refund will he r..
Made to social security : What changes do you feel are likely to be made to Social Security in the next 15 to 20 years? Why? Think of the people/organizations affected by the change, and who would support the change and who would fight it.
Charge in order to maximize her total revenue : Mia is the only seller of baskets to the people in this village. They purchase baskets according to the blue demand curve. Let's examine the sales revenue (which equals price times quantity) Mia would receive if she were to set the price somewhere in..
Sequence of transformations : Show how to derive the following equivalences by a sequence of transformations using the equivalence rules in Section 13.2.1.
Describe the risk they faced before the swap trade : Suppose David buys cheese (X) and fruit (Y) with his income of $48 per week. Suppose the price of cheese has recently risen from $4 to $6 per pounds, while the price of fruit has fallen from $8 to $6 per pound. Before the price changes, David had bee..

Reviews

Write a Review

Mathematics Questions & Answers

  Compute the derivative

Differentiation galore. Compute the derivative of (sin(x))3 by using the chain rule and by using the product rule. Do you get the same answer in either case

  Explain why the two methods result in different results in

1. explain which of the two options below results in a lower balance after 6 months on a debt of 2500.annual simple

  Find a function relating the temperature of the liquid over

a fast food restaurant wants a special container to hold coffee. the restautrant wishes the container to quickly cool the coffee from 200 degrees to 130 degrees fahrenheit and keep the liquid between 110 degrees and 130 degrees as long as possible..

  How far has billy cycled

Billy goes cycling. His bike has wheels of diameter 70 cm. He has invented a counter for his bike, which counts the number of revolutions the wheels make. One day the counter shows 280 revolutions. How far has billy cycled? Show your answer to the..

  What is the probability segments can form a triangle

What is the probability that those three segments can form a triangle? Probability of Forming a Channel

  What is the average of the three measurementswere the

a student used a 500-ml graduated cylinder to measure the volume of water in a 1 -cup measure. three trials of the

  How many companies closed down their pension plans

How many companies closed down their pension plans in each of those three years?

  Prove that f is continuous

Let (a, b) ⊆ R be a non-degenerate open bounded interval, and let f: (a, b) → R be a function. Prove that F is continuous

  What are the company daily fixed costs

The RideEm Bicycles factory can produce 110 bicycles in a day at a total cost of $10,600 and it can produce 130 bicycles in a day at a total cost of $11,200. What are the company's daily fixed costs.

  What is the population

A researcher wants to determine if teenage drivers of red automobiles are more likely to run a red light than automobiles of any other color. She stands at a busy intersection and records the colors of automobiles which run red lights.

  Determine the equation of a graph of f(x)

1. Determine the equation of a graph of f(x) = x^2 that has been transformed so that it now has a vertex of (4,-1) opens down, and was stretched so that  it passes through the point (5,-3).

  Find the best point estimate of the mean

A study of 35 golfers showed that their averages score on a particular course was 92. The standard deviation of the sample is 5.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd