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4. Ethan opened a credit card at a department store with an APR of 18.24% compounded quarterly. What is the APY on this credit card? (1 point)
4.56%
19.53%
36.48%
70.76%
5. Choose the fragment that best completes the following sentence. Interest charges will not be applied to a credit card when (1 point)
the balance is paid off during the grace period.
the minimum payment is made during the grace period.
the minimum payment is made before the due date.
the balance is paid off during the next billing cycle.
 one year ago
 one year ago
Somebody please help me. 4. Ethan opened a credit card at a department store with an APR of 18.24% compounded quarterly. What is the APY on this credit card? (1 point) 4.56% 19.53% 36.48% 70.76% 5. Choose the fragment that best completes the following sentence. Interest charges will not be applied to a credit card when (1 point) the balance is paid off during the grace period. the minimum payment is made during the grace period. the minimum payment is made before the due date. the balance is paid off during the next billing cycle.
 one year ago
 one year ago

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jerry_5594Best ResponseYou've already chosen the best response.0
4)19.53% 5) the balance is paid off during the next billing cycle.
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
6. Isabel has a previous balance of $872 on a credit card with a 17.8% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit card? (1 point) $822.00 $834.93 $977.22 $1,027.22 7. Kelly uses her credit card to purchase a new television for $489.25. She can pay off up to $225 per month. The card has an annual rate of 21.7% compounded monthly. How much will she pay in interest? (1 point) $5.58 $14.75 $17.79 $54.00 8. Maggie uses a credit card with a 17.4% APR compounded monthly to pay for car repairs totaling $843.12. She can pay $330 per month on the card. What will the total cost of this purchase be? (1 point) $843.12 $865.91 $989.82 $1,049.03
 one year ago

jerry_5594Best ResponseYou've already chosen the best response.0
6) $977.22 7) $17.79 8) $843.12
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
9. Use the details of Oliver’s new credit card to answer the question that follows. APR 13.1% compounded monthly Grace Period 28 days Minimum Payment 4% of the remaining balance or $20, whichever is higher Oliver charged $570 to his credit card last month. What is the first minimum payment he must make? (1 point) $20.00 $22.80 $57.00 $74.67
 one year ago

sydnoelleBest ResponseYou've already chosen the best response.0
a lot of these are wrong
 5 months ago
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