Business, 13.07.2019 13:30, sativataurus

Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed

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Mathematics, 24.07.2019 23:00, hjeffrey168

Read each question carefully. choose the answer that best completes the sentence. 1. debt is usually expected in any of the following cases except (1 point) purchase of house credit card purchases purchase of car educational loans 2. when paying down debt, it is best to (1 point) pay as much as possible toward the debt at the beginning of the month pay as much as possible toward the debt at the end of the month pay part toward the debt and part toward a savings account at the beginning of the month pay part toward the debt and part toward a savings account at the end of the month for questions 3 and 4, you will be answering by filling in the blanks. be aware that your answer must include any commas or decimals in their proper places in order to be correct. the dollar signs have been provided. for example, if the answer is $1,860.78, then you will enter into the blank 1,860.78. do not place any extra spaces between numbers, commas, or decimal places. round any decimals to the nearest penny when the answer involves money, so that $986.526 would be typed into the blank as 986.53 and $5,698.903 would be typed into the blank as 5,698.90. 3. you owe $1,350.00 on a credit card with a 14.25% apr. you pay $300.00 at the beginning of the month. how much interest do you save by paying at the beginning of the month versus at the end of the month? (1 point) $ 4. imagine you put the $300 in a savings account earning 3.0% apr instead of using it to pay down your credit card as in problem 3. what is the difference between the interest your savings account would earn that month vs. the interest that would accrue on your credit card that month if you didn't use the $300 to pay it down? (1 point) someone me i am failing and have a d and need to bring my grade up someone with the correct answers and actually know the answers for this

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History, 29.07.2019 07:30, Miamonroe2004

Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed

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Mathematics, 18.09.2019 01:30, brasilyejipark2537

The tables show two ways to pay off $500 in credit card debt which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? credit card debt: $500 annual compound interest: 15% payment made per month: $15 total paid (44 months): $650.85 o $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things o $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed payment made per month: $100 total paid (6 months): $519.63 save and exit thiend return subunt

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Mathematics, 22.10.2019 23:00, mlopezmanny5722

Card name (apr %) existing balance credit limit mark2 (6.5%) $475.00 $3,000.00 bee4 (10.1%) $1,311.48 $2,500.00 you have $400.00 each month to pay off these two credit cards. you decide to pay only the interest on the lower-interest card and the remaining amount to the higher interest card. complete the following two tables to you answer questions 1–3. higher-interest card (payoff option) month 1 2 3 4 5 6 7 8 9 10 principal 2138.90 1757.52 1373 985.01 593.63 198.82 interest accrued 18.72 15.38 12.01 8.62 5.19 1.74 payment (on due date) 400 400 400 400 400 200.56 end-of-month balance 1757.52 1373 985.01 593.63 198.82 0 lower-interest card month 1 2 3 4 5 6 7 8 9 10 principal 1692.45 1304.02 919.10 525.35 128.92 interest accrued 11.57 8.87 6.25 3.57 0.88 payment (on due date) 400 400 400 400 129.80 end-of-month balance 1304.02 919.10 525.35 128.92 0 1) how long does it take to pay off the higher-interest card? it takes 6 months. 2) what is the amount of the last payment on the higher-interest card? why? $200.56 was the last payment because they paid $400 each month until the amount due was lower than $400. 3) at the end of the month that you pay off the higher-interest card, after you have started to pay down your debt on the lower-interest card, what is the balance of the lower-interest card? why? complete the following two tables to you answer questions 4–5. 4) rework the problem so that you pay off the lower-interest card first. 5) how much money do you save by paying off the higher-interest card first? lower interest card (payoff option) month 1 2 3 4 5 6 7 8 9 10 principal interest accrued payment (on due date) end-of-month balance higher interest card month 1 2 3 4 5 6 7 8 9 10 principal interest accrued payment (on due date) end-of-month balance be sure to include in your response: • all parts of the tables are complete and calculations correct • the answers to the additional questions

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