Harold has a balance of $2200 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest over the course of a year if he transfers his balance to a credit card with an APR of 19.1%, compounded monthly? (Assume that Harold will make no payments or new purchases during the year, and ignore any possible late payment fees.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Harold has a balance of $2200 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest over the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A setting of plainsong with two to four notes per syllable is called:
Answers (1)
Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $280,000. Uncollectibles are estimated to be 0.5% of sales.
Answers (1)
The net income of Thomas Company was $73,000 for this year. The beginning balance of Thomas, Capital was $32,000 and the ending balance was $71,000. There were no new capital contributions during the year.
Answers (1)
The multiplier effect of fiscal policy predicts that an increase in government spending of $250 billion will increase total income by $1000.00 billion if the marginal propensity to consume is 0.75.
Answers (1)
On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year.
Answers (1)
New Questions in Business
A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10.
Answers (1)
If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the nominal exchange rate is how many euros per dollar? a ...
Answers (1)
According to the scans report, what name is given to the three basic skill sets that employees must have if they are going to be the best employees?
Answers (1)
Factory Overhead Costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000.
Answers (1)
Which of the following is a problem that arises in a health insurance market? There exists a fierce competition between the insurance providers. There are a large number of buyers of various insurance programs.
Answers (1)