Dawn's credit card has an APR of 15%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first
purchase. Her credit card record for the last 7 months is shown in the table
below.
End of
month
Finance
New
charges
charges
3170000
2
3
4
5
6
7
Previous
balance
SO 00
$1700 00
$1687 25
$1674.60
$166204
$1649 57
$163720
50 00
5000
50.00
$0.00
50 00
SO 00
Payment
received
50.00
534 00
$33.75
533 49
533 24
$32.99
$32.74
50.00
S2125
521 09
$20.93
$20.78
$20 62
520 46
Principal
paid
50.00
512 75
$1265
$12.56
$12.47
$1237
$12 28
Now
balance
51700.00
S1687 25
51674 60
$166204
$1649.57
51637 20
51624 92
What is the total amount that Dawn has paid in interest over the 7 months?

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

answer: c.  

step-by-step explanation:

mixtures containing substances that get attracted to magnet can be separated using a magnet. we can separate iron from a mixture of sand and iron, as only iron attracts to the magnet.

$450 i think. hope this ☺