*Financial Algebra*

Nancy uses a credit card with a 20.1% APR, compounded monthly, to pay for a hotel stay totaling $891.05. She can pay $350 per month on the card. What will the total cost of this purchase be?

$1,070.15

$891.05

$918.90

$1,109.95

Question

*Financial Algebra* 

Nancy uses a credit card with a 20.1% APR, compounded monthly, to pay for a hotel stay totaling $891.05. She can pay $350 per month on the card. What will the total cost of this purchase be?

 $1,070.15

 $891.05

 $918.90

 $1,109.95

amistre64 · Answer

this looks familiar

amistre64 · Answer

i went thru a nice little diddy about finding "n"  to determine the number of payments ... then realized that it was such a short "n"

amistre64 · Answer

http://openstudy.com/users/amistre64#/updates/52010d80e4b05ca784204c6f

anonymous · Answer

lol your right im soo sorry !