Question

Please help me! I don't know where to go from this.

http://i.gyazo.com/0c8060e0cad9fd600db6fa5864a8cd09.png

Answer 1

@dlearner Can you help?

Answer 2

not very good in profit n loss thing ;)

Answer 3

@KendrickLamar2014 @TheSmartOne

Answer 4

@nincompoop @Hero

Answer 5

is there an option saying 7 dollars??

Answer 6

No, there aren't any options at all.

Answer 7

The nominal APR is calculated as: the rate, for a payment period, multiplied by the number of payment periods in a year.

Answer 8

So, for one month, would the APR be same (14.75) or would it be 14.75/12 = 1.229 ?

Answer 9

We usually are told to do it like 14.75% x 1 / 12.

Answer 10

hmmm... so thats it. first find the interest for$ 2586.74 with APR as above.

Then find the interest after doing 2586.74 - 629.59.. minus both results and you get answer

Answer 11

I think I get it, thanks.