Yankee Express is offering qualified customers a new credit card that offers an introductory rate of .5 percent per year, compounded monthly for the first 6 months, then increasing to 17.3 percent compounded monthly. Assume you transfer a balance of $6,300 from your existing credit card to Yankee Express, and make no subsequent payments. How much credit card interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

$582.15

Explanation:

Total amount owed in 6 months = 6,300 * ( 1 + 0.5%/12)⁶

= $6,315.77

Interest increases to 17.3%.

Amount owed at the end of the year:

= 6,315.77 * (1 + 17.3%/12)⁶

= $6,882.16  

Interest owed = Amount owed end of year - Beginning balance

= 6,882.16 - 6,300

= $582.15

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

answer social mobility;