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ally7343
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Naomi uses a credit card with a 25.9% APR, compounded monthly, to pay for a hotel stay totaling $971.20. She can pay $400 per month on the card. What will the total cost of this purchase be?
 one year ago
 one year ago
ally7343 Group Title
Naomi uses a credit card with a 25.9% APR, compounded monthly, to pay for a hotel stay totaling $971.20. She can pay $400 per month on the card. What will the total cost of this purchase be?
 one year ago
 one year ago

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johnnyalln Group TitleBest ResponseYou've already chosen the best response.0
I used the formula x=price of hotel(1+(interest/compounding))^(total years*compounding)
 one year ago

johnnyalln Group TitleBest ResponseYou've already chosen the best response.0
i got $1,035.45
 one year ago
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