subject
Mathematics, 08.02.2021 20:30 Bra1nPowers

Abraham's credit card has an APR of 13%, calculated on the previous monthly balance, and Abraham makes a payment of $50 every month. His credit card
record for the last 7 months is shown in the table below.
End of Previous New Payment Finance Principal New
month balance charges
received charges paid
balance
1
$0.00 $4100 $0.00 $0.00
$0.00 $41.00
2
$41.00 $229.00 $50.00
?
$49.56 $220.44
3
$220.44 $71.00 $50.00
$2.39
$47.61 $243.83
4
$243.83 $23.00 $50.00
$2.64
$47.36 $219.47
5
$219.47 $145.00 $50.00 $2 38 $47 62 $316.85
6
$316.85 $333.00 $50.00
$3.43 $46.57 $603.28
7 $603.28 $78.00 $50.00 $6.54 $43.46 $637.82
What were the finance charges in month 2?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:50
What is the volume of the sphere shown below with a radius of 3?
Answers: 1
question
Mathematics, 21.06.2019 16:30
Triangle inequality theorem state if each set of three numbers can be the lengths of the sides of a triangle. 1. 9, 8, 22. 2. 5,10,12. 3. 7,10,22. 4. 4,11,12. 5. 11,9,10. 6. 10,4,19. 7. 3,12,10. 8. 4,3,2. 9. 6,5,13. 10. 7,12,20. me .
Answers: 3
question
Mathematics, 21.06.2019 23:20
Which best describes a central bank's primary goals? limiting inflation and reducing unemployment reducing unemployment and maintaining cash flow controlling stagflation and reducing unemployment managing credit and ensuring the money supply's liquidity
Answers: 1
question
Mathematics, 21.06.2019 23:20
Which of the following parabolas opens up?
Answers: 2
You know the right answer?
Abraham's credit card has an APR of 13%, calculated on the previous monthly balance, and Abraham ma...
Questions