5. Imagine that you invest $100,000 in an account that pays 5.9% annual interest compounded quarterly. What will your balance be at the end of 18 years?

Jace didn’t pay his previous month’s credit card bill in full. this month’s bill shows a finance charge of $35.13. jeremy calculates the average daily balance in the new bill to be $2,342.15. what is the monthly percentage rate on the card? a. 1.5% b. 1.82% c. 14.9% d. 18.0%