Question

I NEED HELP WITH THESE 2 QUESTION
FAN AND MEDAL

Answer 1

5. Each month, Edward budgets $1860 for fixed expenses, $860 for living expenses, and $250 for annual expenses. His annual net income is $32,508.

Which statement best describes his monthly budget?
(Points : 5)
It shows a deficit of $180.
It shows a surplus of $261.
It shows a deficit of $261.
It is balanced.





Question 6. 6. Alan’s unpaid credit card balance was $3426.67. His APR is 16.8%.

What is his new balance after he makes one new transaction for $235?
(Points : 5)
$3709.64
$3876.52
$4141.40
$4237.35

Answer 2

The first one

Monthly income = annual income/12
Monthly budget= monthly income- expenses

Answer 3

ok so thats wat i need to do to solve it cuz i have no idea how to do this

Answer 4

Yes

Answer 5

i still dont know how to start it off

Answer 6

The second one

The monthly accrued interest is the APR divided by 1200.
So, we have the principle, 3426.67 times the accrued interest, 16.8 / 1200, plus 1 (the one is added to the interest to account for the principle) then add the new transaction, 280:

3426.67 ((16.8 / 1200) + 1) + 235 =?????