Today Nick got a new credit card and made a purchase of $1200. The card
has an introductory AP...
![Mathematics](/tpl/images/cats/mat.png)
Mathematics, 05.05.2020 17:12, taylorb9893
Today Nick got a new credit card and made a purchase of $1200. The card
has an introductory APR of 0% for the first 6 months and a standard APR of
27.24% thereafter. If the card compounds interest monthly, how much will the
introductory APR save Nick in interest over the first 6 months? (Assume that
Nick will make no payments or additional purchases during the first 6
months and ignore any possible late payment fees.)
O
O
O
O
A $27.24
B $163.44
a $1,37
R $173.00
SUBMIT
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