Question

I need help with this question /:

31. Your parents make a purchase of $2,975.34 using a popular reward credit card that gives you 1% cash back. If the credit card has a 13.5% APR and you do not make a payment the first month, how much is the difference between the interest and reward? (1 point)
$29.75
$371.92
$3.72
$33.47

Answer 1

$ 371.92

Answer 2

:)

Answer 3

Can you help me with like 6 more? I literally have NO idea how to do them -___-

Answer 4

okay! sure no problem.

Answer 5

.32. Your parent’s mortgage is $231,450 at a 4.65% APR. If they pay $2,236 toward the mortgage each month, how much of the second month's payment is applied toward the second month's principal? (1 point)
$2,678.26
$4,437.34
$1,339.13
$1,344.32

Answer 6

$1,339.13 but to be exact $1,339.14

Answer 7

33. You work 35 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point)
$32,000/year
$18.50/hour
$30,000/year with a 5% bonus
$17.50/hour and a $1,500 bonus at the end of the year

31. Your parents make a purchase of $2,975.34 using a popular reward credit card that gives you 1% cash back. If the credit card has a 13.5% APR and you do not make a payment the first month, how much is the difference between the interest and reward? (1 point)
$29.75
$371.92
$3.72
$33.47

32. Your parent’s mortgage is $231,450 at a 4.65% APR. If they pay $2,236 toward the mortgage each month, how much of the second month's payment is applied toward the second month's principal? (1 point)
$2,678.26
$4,437.34
$1,339.13
$1,344.32

33. You work 35 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point)
$32,000/year
$18.50/hour
$30,000/year with a 5% bonus
$17.50/hour and a $1,500 bonus at the end of the year

35. Your gross pay is $1,843.45. Your involuntary deductions are FICA (7.65%), federal withholding (9%), and state withholding (6.5%). How much are you allowed for housing and fixed expenses? (1 point)
$516.17
$663.64
$510.01
$396.68

36. Your parents have 3 credit cards. Each has its entire credit line used, and the credit limits are $1,800.00, $2,600.00, and $3,500.00. Paying off and closing which card would increase your parents' debt ratio the most? (1 point)
$3,500.00 limit
$2,600.00 limit
$1,800.00 limit
The debt ratio remains the same.

Answer 8

36. 1,800.00 limit

Answer 9

35 and 33 I don't not know sorry :(

Answer 10

okay :)

Answer 11

please help with my question too :)

Answer 12

As part of an assignment, students were asked to poll people to find out what they enjoy as a hobby. Mark asked only the people walking out of a bookstore, and his results found that 92% of the people enjoy reading. What is wrong with the validity of Mark's results?
A. The results are likely to be invalid because not enough people were polled.
B. The results are invalid because Mark did not collect enough information on their hobbies.
C. The results are likely to be biased by the fact that Mark only asked people walking out of a bookstore, who are most likely going to enjoy reading.
D. The sampling results are likely to be biased by the fact that Mark enjoys reading as a hobby.