anonymous
  • anonymous
Which monthly bill is money spent towards paying off debt? car insurance cable gas/electric student loan
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
schrodinger
  • schrodinger
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anonymous
  • anonymous
i would guess "student loan" since that is a debt
anonymous
  • anonymous
Thanks, could you help me with this one too? Karl owes $7,464 on a credit card with a 20.4% interest rate compounded monthly. What is the monthly payment he should make in order to pay off this debt in 12 months, assuming he does not charge any more purchases with the card? $692.85 $1,706.57 $139.17 $622.00
anonymous
  • anonymous
i have no idea, although #2 is unlikely do you have a formula for this?

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Jim766
  • Jim766
\[7464=P(1+\frac{ .204 }{ 12 })^{144}\] would you do this?
anonymous
  • anonymous
I think..
Jim766
  • Jim766
no it is only to the 12 power n*t number of times * number of years
anonymous
  • anonymous
:/
Jim766
  • Jim766
I think it is 692.85

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