Greg has a credit card which requires a minimum monthly payment of 2.06% of the total balance. his card has an apr of 11.45%, compounded monthly. at the beginning of may, greg had a balance of $318.97 on his credit card. the following table shows his credit card purchases over the next few months. month cost ($) may 46.96 may 33.51 may 26.99 june 97.24 june 112.57 july 72.45 july 41.14 july 101.84 if greg makes only the minimum monthly payment in may, june, and july, what will his total balance be after he makes the monthly payment for july? (assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. round all dollar values to the nearest cent.) a. $812.86 b. $830.31 c. $864.99 d. $1,039.72 please select the best answer from the choices provided a b c d

Answers

Answer 1

The total balance of Greg account after he makes the monthly payment for July is $864.99.

How to find monthly payment?

Monthly payment is the payment which has to paid against the loan amount or the borrowed money calculated with interest rate.

It can be calculated with the following formula.

[tex]M=P\left(1-\dfrac{r}{1-(1+r)^{-nt}}\right)[/tex]

Here, (P) is the principal amount, (r) is the interest rate and (t) is time.

Greg has a credit card which requires a minimum monthly payment of 2.06% of the total balance.

His card has an apr of 11.45%, compounded monthly. At the beginning of May, Greg had a balance of $318.97 on his credit card.

In the Month of May he make payment of 46.96, 33.51, and 26.99. Greg had a balance of $318.97 on his credit card. The total balance after the end of may is,

[tex]P=46.96+33.51+26.99+318.97\\P=426.43[/tex]

The financial charge on this payment with Apr 11.45% is 4.07. Thus, the payment become 430.5.

The payment for the June 97.24, 112.57,72.45. The payment at the end of June is 719.56 and financial charge is 10.22.

The payment become 722.98. The payment for the June 41.14, 101.84. At the end of July 865.96.

The total balance of Greg account after he makes the monthly payment for July is $864.99.

Learn more about the monthly payment here;

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Related Questions

Find the area of a circle

Answers

Answer:

Area: 19.63  Circumference: 5.71

Step-by-step explanation:

Using formulas and all :)

Area formula: pi (r^2)

Circumference: 2(pi)r

pi (2.5^2)= 19.63

2(pi)2.5= 5.71

hope that helps :D

Simplify - 9 - 3 + 7 - 1?

a- 4
b- 5
c- 1
d 5

Answers

Answer:

-6

Step-by-step explanation:

- 9 - 3 + 7 - 1 = - 6

I'm still confused on the answer choices but the expression simplified is equal to -6.

Answer:

-9-3+7-1

Step-by-step explanation:

According to order of operations we do this whole thing from left to right!

Solving we get;  -9 -3 = -12> -12+7= -5> -5-1 = -6

Lol I got the same answer (ಡ艸ಡ)

Lina has a total of 72 blue and red marbles in a box. The probability of choosing a blue marble at random from the box is 4/9

Find the number of blue marbles added if the probability of choosing a blue marble is 3/5​

Answers

Answer:

28

Step-by-step explanation:

probability of getting blue ball is 4/9

total cases = 72

i.e number of blue ball 32

number of red vall is 40

so extra 28 is added

Can anyone solve it please ​

Answers

Answer:

please mark me the brainlist

A mom spent $560 on c clothes for her daughter for school. Write an expression that shows
the cost of one if they are all the same price?

Answers

Answer:

560÷c = p (p is price of one btw)

Step-by-step explanation:

Find the value of the unknown angle x.


The diagram is not drawn to scale.

Please answer. Thank you!

Answers

A right angle is 90 so it’s a bit shorter than 90 so the answer might be 80

Answer: the answer is 50

Step-by-step explanation: the sum of angles in a quadrilateral is 360 degrees so add 74 And 146 and the angle is a right angle so it is 90 . So add these numbers and subtract from 360 . It will give 50 . Can you give brainliest

A flat roof rises at a 25° angle

from the front wall of a storage

shed to the back wall. The front

wall is 11. 5 feet tall and the back

wall is 18. 5 feet tall. Find the

length of the roofline and the

depth of the shed from front to

back. Round your answers to the

nearest tenth of a foot.

Answers

The length of the roof line is equal to 17.4 feet and the depth of the shed is 15.07 feet.

Given the following data:

Height of front wall = 11.5 feet.Height of back wall = 20.2 feet.Angle of inclination = 25°

How to calculate the length of the roofline.

First of all, we would assign a variable to the length of the roof line and depth of the shed from front to back respectively.

Let the length of the roof line be h.

Let the depth of the shed be d.

From the image attached, we would determine the length of the opposite side as follows:

[tex]Opp=20.2 -11.5[/tex]

Opposite side = 8.7 feet.

Next, we would determine the length of the roof line by using Sine trigonometric:

[tex]Sin \theta = \frac{Opp}{Hyp} \\\\Sin30 =\frac{8.7}{h} \\\\0.5=\frac{8.7}{h}\\\\h=\frac{8.7}{0.5}[/tex]

h = 17.4 feet.

For the depth;

We would determine the length of the roof line by using Tan trigonometric:

[tex]Tan \theta =\frac{Opp}{Adj} \\\\Tan 30 =\frac{8.7}{d} \\\\0.5774=\frac{8.7}{d}\\\\d=\frac{8.7}{0.5774}[/tex]

d = 15.07 feet.

Read more on trigonometry functions here: https://brainly.com/question/4515552

Find the slope for each pair of points. (-2,5), (3,-4)
help plssss

Answers

The answer would be -26

Use the Spinner to answer questions

1) In which color, is the pointer more likely to land?

2) In which color, is the pointer less likely to land?

3) In which colors, is the pointer equally likely to land?

4) What is the chance the pointer will land on white?

a) More likely b) less likely c) equally likely d) unlikely

5) Is any color certain?

6) If green is replaced by blue, which colors have equally likely chances?

Answers

Answer:

have a nice day

Step-by-step explanation:

1=red

2=green

3=yellow and blue

4=none

5=no

6=red and green

Two wheels mesh together. One gear has 40 teeth and the other one has 25teeth. If the larger wheel makes 60 revolutions per minute, how many revolutions per minute does the smaller wheel make?
quickly help plz

Answers

i’m pretty sure it’s 45

How many solutions and what type of solutions does a quadratic equation have if the value of the discriminant is a positive perfect
square?

2 rational solutions

2 irrational solutions

1 rational solution

O real solutions

Answers

Answer:

2 rational solutions

Step-by-step explanation:

the degree of the polynomial (the highest exponent of the variable) defines how many solutions there are.

that means for how many values of x the result y is 0 (how many x-axis interceptions there are or should be).

so, a quadratic equation has 2 such solutions.

there are a few different cases how these solutions present themselves :

"normal case" : all the solutions are real (not only rational) numbers, and the curve has that many different x- acid interceptions.

a turn of the curve leads to only "touching" the x-axis : this is just a special case that the curve is "too high" or "too low" and the regular 2 intersects merge into 1. there are formally still 2 solutions, but they are identical.

there can be "S-curves" especially for higher degrees (3 and up) with the center smoothing in with the x-axis : this is similar but can merge even more than 2 solutions into 1.

the curve is really "too high" or "too low" and never even touches the x-axis : then the solutions are irrational.

the general solution for a quadratic equation is

x = (-b ± sqrt(b² - 4ac))/(2a)

the discriminate is (b² - 4ac).

if this is a positive perfect square, then the square root is a perfect integer. in fact, 2 perfect integers (+ and -).

and so we get two solutions with integer/integer and they are therefore 2 rational solutions.

Suppose Susan had rented the same number of videos with the same initiation fee, but the cost was instead $0.95 per video that she rented. What would she have paid in total?

Answers

Answer:

Step-by-step explanation:

From your question, part A's answer should be t = 12.75 + 0.75v

Part B's calculation is correct.

Part C: Initial fee same at 12.75

Same number of video rented at 124.

Total paid for $0.95 per video is = 12.75 + 124*0.95

= $130.55

please help me find the solution of the system shown in the graph!! ​

Answers

Answer:

(2,1.5)

Step-by-step explanation:

I think, by looking at the information given on this question, your just looking to see where the lines intersect (which is at 2, 1.5)

Are the following equations parallel y=1/3x+6 and y=1/3x+12 ?

Answers

Answer: yes

Step-by-step explanation:

They run side by side together

As a rule, parallel lines will always have the same slope.

However, they need to also have different y-intercepts.

Since these two lines have the same steepness or slope

and they have different y-intercepts, we say they are parallel.

a slope of -2 with a point at (3,-5)

Answers

i don’t know if this helps but i hope it does

A six-sided number cube is rolled twice. Which expression can be used to find P(5, then3)?.

Answers

A six-sided number cube is rolled twice the expression 1/6 x 1/6 can be used to find P(5, then3). The correct option is D.

What is probability?

Probability is a measure of how likely an event is to occur. Many events are impossible to predict with absolute certainty.

The probability of rolling a 5 and then a 3 is independent, so we can find the probability by multiplying the probability of rolling a 5 on the first roll by the probability of rolling a 3 on the second roll.

The probability of rolling a 5 on the first roll is 1/6, and the probability of rolling a 3 on the second roll is also 1/6.

Therefore, the expression that can be used to find P(5, then 3) is: B. 1/6 * 1/6

For more details regarding probability, visit:

https://brainly.com/question/30034780

#SPJ7

Your question seems incomplete, the probable complete question is:

A six-sided number cube is rolled twice, which expression can be used to find P(5, then 3).

A. 1/5*1/3

B. 1/6*1/5

C. 5/6*3/6

D. 1/6*1/6

Erin recycles milk bottles, soda cans, and newspapers. If the following items are in the trash bin, what percent of the items can be recycled?

Answers

Answer:

Its 70 hope that helped

Step-by-step explanation: I did this before

Sam ran 10 kilometers in 75 minutes. What is Sam’s rate of speed in kilometers per hour?

Answers

Answer:

8 km

Step-by-step explanation: giving that

distance=10km

time=75 minutes =75/60 hours

                                15/12=5/4 hours

speed=disance=10km

             time     = 5/4hours

     =40/5km/hours

    =8km/hours

The function j(x) = 67x represents the number of jumping jacks j(x) you can do in x minutes. How many
jumping jacks can you do in 15 minutes?

Answers

j(x)=67x
so if it was j(1)=67(1)
so j(15)=67 x 15= 1005
you can do 1005 jumping jacks in 15 minutes

A regular hexagon is circumscribed about a circle with a radius of 15 feet. Find the area of the shaded region shown.

Answers

Answer:

Calculating from a Regular Hexagon with a Given Apothem. Write down the formula for finding the area of a hexagon with a given apothem. The formula is simply Area = 1/2 x perimeter x apothem.

Step-by-step explanation:

3.089 less than or equal to 3.1

Answers

3.089 is LESS than 3.1 unless you round 3.089 up.

Find the missing dimension of the cylinder. Round your answer to the nearest while number.

Answers

Answer:

10

Step-by-step explanation:

V=pi radius squared so you need to find what height  is right?

so take 3.14x6 squared=113.04 and then divide 1131 by 113.04 and you will get your answer of 10

(12.8)2 - (30+0.375)

Answers

Answer:

-4.775

Step-by-step explanation:

Find the Nth Term: 2, -6, -14, -22.
Thanks.

Answers

Answer:

[tex]a_{n}[/tex] = - 8n + 10

Step-by-step explanation:

there is a common difference between consecutive terms , that is

- 6 - 2 = - 14 - (- 6) = - 22 - (- 14) = - 8

this indicates the sequence is arithmetic with nth term

[tex]a_{n}[/tex] = a₁ + (n - 1)d

where a₁ is the first term and d the common difference

here a₁ = 2 and d = - 8 , then

[tex]a_{n}[/tex] = 2 - 8(n - 1) = 2 - 8n + 8 = - 8n + 10

The diagram shows the dimensions of a school playground. What is the area of the playground?

Answers

Answer:

1574yd^2

Step-by-step explanation:

i split into 3, 2 rectangles and a triangle

40 x 30 = 1200

30 - 8 = 22 (height)

60 - 40 = 20 (width)

14 x 22 = 308

20 - 14 = 6 (base of triangle)

formula of triangle = (b x h) / 2

6 x 22 = 132 / 2 = 66

1200 + 66 + 308 = 1574

Write an equation in point-slope form of the line that passes through the given point and with the given slope m.
(-5,2), m=2

Answers

Answer:

y - 2 = 2(x + 5)

Step-by-step explanation:

Point slope:

    y - y₁ = m(x - x₁)

Given P(-5, 2) and slope m = 2:

  y - 2 = 2(x - (-5))

  y - 2 = 2(x + 5)


At the corner store, you can buy 10 super-size granola bars for $20. How much does a
single super-size granola bar cost?

Answers

Answer:

2 dollars each

Step-by-step explanation:

Answer: $2

Step-by-step explanation: so we know you can buy 10 super size granola bars for $20 so we divide 20/10 and we get $2.

I hope this helps!

Find the value of variable

Answers

2x + 2x + 40 = 180
4x = 180
X = 180/4
X= 45

Colette went to play miniature golf on Monday, when it cost $14 to rent the club and ball, plus $4 per game. Maddie went Thursday, paying $6 per game, plus rental fees of $2. By coincidence, they played the same number of games for the same total cost. How much did each one spend? How many games did each one play?

Answers

Answer:

Each one of them spent $38

Each one of them played 6 games.

Step-by-step explanation:

The number of games be represented by g

Colette went to play miniature golf on Monday, when it cost $14 to rent the club and ball, plus $4 per game.

$14 + $4 × g

= 14 + 4g

Maddie went Thursday, paying $6 per game, plus rental fees of $2.

$2 + $6 × g

= 2 + 6g

The equation is :

14 + 4g = 2 + 6g

We solve for g

Collect like terms

14 - 2 = 6g - 4g

12 = 2g

g = 12/2

g = 6

How many games did each one play?

Each one of them played 6 games.

How much did each one spend?

For Colette

The amount she spent :

14 + 4g

=$14 + 4 × 6

= $14 + 24

= $38

For Maddie

2 + 6g

=$ 2 + 6(6)

=$ 2 + 36

= $38

What’s the verbal Expression of W - 24

Answers

Answer:

Indicated below

Step-by-step explanation:

Verbal Expressions of Algebraic Expressions

There are several ways to express w-24. I provide you with some of them:

w minus 24w decreased by 24w less 24The difference between w and 2424 less than 2424 subtracted from w

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