Question

You have $1,998.00 on a credit card with a 14.5% APR. You miss your minimum payment the first month and there is a late fee of $37.00. How much is your balance at the beginning of the second month?


$2,083.29


$2,046.29


$2,022.14


$2,059.14

Answer 1

??

Answer 2

??

Answer 3

??

Answer 4

bruh

Answer 5

you gonna answer or not?

Answer 6

$1,998*0.145 (converting to a decimal, moving 2 places to the left)=$289.71
$1,998+$289.71=$2287.71
$2287.71+$37=$2324.71
The answer would be $2324.71 but I do not see an answer with that

Answer 7

that is not right

Answer 8

there is no option for answer

Answer 9

oh your right its
$1998. x (.145/12) + 37 = 2,059.14 so the last answer

Answer 10

sorry

Answer 11

iiugyftrdzawsxedcrfvtgbyhujomkjnihbugvfcdxszAQ@wsedftgyhujjjjhgfdsazxcvbhhgfdswe45678

Answer 12

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Convert
sorry
\(\color{#0cbb34}{\text{End of Quote}}\)
It's okay at least you tried.

Answer 13

\(\color{#0cbb34}{\text{Originally Posted by}}\) @hiiiihiiiiiiiiii
iiugyftrdzawsxedcrfvtgbyhujomkjnihbugvfcdxszAQ@wsedftgyhujjjjhgfdsazxcvbhhgfdswe45678
\(\color{#0cbb34}{\text{End of Quote}}\)

Answer 14

thanksss, i appreciate it.

Answer 15

No problem, glad to help! :)

Answer 16

Amount on the Credit card was \[$1,998.00\]
APR = \[14.5 %\]
Monthly APR = \[14.5/12=1.2083\]
Amount that is due after a month that wasn't paid \[=1.2083 \ of \ $ 1998.00\]
\[1.2083(1998.00)\]
\[=24.14\]
Late fees = \[37.00\]
Amount that needs to be paid at the beginning of Second month = Actual money in credit card + Interest + Late fees
\[= 1998 + 24.14 + 37\]
\[= 2035 +24.14\]
\[= $2059.14\]