You have $20,000 of credit card debt with a rate of interest of 14%. How long would it take to pay it off, if you make monthly payments of $285.10 and if you never use the card again? 147 months 150 months 152 months 154 months. Question 19 1 pts Based on the correct answer to the previous question, how much total interest would you have paid? $24,048.11 $ 17,054.70 $25,050.70 $21,909.70. Question 20 1 pts A zero-coupon bond matures at the end of 30 years when it will pay $1,000. How much would the bond sell for today if the market rate of interest (yield to maturity) is 5.5% ? $151.19 $361 $275 $200.64.

Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was $710.14, use the exact interest method to find the amount of principal you. borrowed. (Round to the nearest whole dollar amount.) O $47 O $4,669 O $10,656 O $10,800

Today, you borrowed $6,200 on your credit card to purchase some furniture. The interest rate is 14.9 percent. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $120? Group of answer choices 6.93 years 7.23 years 6.40 years 7.31 years 5.87 years

Paying off credit card debt: 0.0122 What will be your monthly payment if you have $10,000 in credit card debt at 18% interest and you want to pay it off in 3 years. Assume that you no longer use your credit card. em vino

K Suppose that on January 1 you have a balance of $2500 on a credit card whose APR is 13%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest? a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total paid since January 1 is $ (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) c. The percentage of the total paid that is interest is %. (Use the answer from part (b) to find this answer. Round to one decimal place as needed.)

You just received an offer in the mail to transfer the $5,000 balance from your current credit card, which charges an annual rate of 18.7 percent, to a new credit card charging a rate of 7.9 percent. You plan to make payments of $250 a month on this debt. How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card?  Group of answer choices 2.48 3.10 2.86 2.79 2.64

Suppose you borrow from a bank $1,756.06 today (t=0). You agree to pay back $3,637.64 in 4 years (t=4). The interest rate (%) that the bank charge you is closest to ________%. Input your answer without the % sign and round your answer to two decimal places.

K Suppose that on January 1 you have a balance of $2800 on a credit card whose APR is 17%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1, a Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c What percentage of your total payment from part (b) is interest? a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed)

You owe $3572.75 in 147 days and have decided to pay off your loan early Your interest rate is 6,52%. What is the size of the cheque that you write today to pay off all of your debt? A) $438133 B) $3481.33 C) $3581.33 D) $3381.33 E) $3814.33

← Use PMT- to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of $3600 and an annual interest rate of 16% With no further 1- purchases charged to the card and the balance being paid off over three years, the monthly payment is $127, and the total interest paid is $972. You can get a bank loan at 8.5% with a term of four years. Complete parts (a) and (b) below. a. How much will you pay each month? How does this compare with the credit card payment each month? Select the correct choice below and fill in the answer boxes to complete your choice. (Do not round until the final answer. Then round to the nearest dollar as needed) This is 5 A. The monthly payments for the bank loan are approximately $ OB. The monthly payments for the bank loan are approximately $ This is 5 less than the monthly credit card payments more than the monthly credit card payments