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1. Helene’s credit card has an APR of 16.8%. She never pays her balance in full, so she always pays a finance charge. Her next billing cycle starts today. The billing period is 30 days. Today’s balance is $712.04. She is only going to use the credit card this month to make a $5,000 down payment on a new car

Respuesta :

carltonaustin2
take the 712.04 out of the credit card month number and then multiply by 16.8%

Answer:

a. 5712.04

b. 5712.04

c. 79.97

d. 878.71

e. 12.30

f. 67.67

Step-by-step explanation:

B- 17136.12 /30= 5712.04  

C- 5712.0r x 0.014 =79.97  

D- 712.04 x 29= 20,649.16  

   5723.04 x 1 = 5712.04  

                         = 26,361.20/ 30  

                               =878.71  

E- 878.71(0.014)= 12.30  

F- 79.97 -12.30 = 67.67