Dempsey transferred a balance of $5600 to a new credit card at the beginning of the year. The card offered an introductory APR of 6.6% for the first 4 months and a standard APR of 24.8% thereafter. If the card compounds interest monthly, what will Dempsey's balance be at the end of the year? (Assume that Dempsey will make no payments or new purchases during the year, and ignore any possible late payment fees.)
A. $6741.98
B. $6595.68
C. $5724.22
D. $7158.06
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dempsey transferred a balance of $5600 to a new credit card at the beginning of the year. The card offered an introductory APR of 6.6% for ...” in 📘 Mathematics 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 parabola, with its vertex at the origin, has a directrix at y = 3. Which statements about the parabola are true? Check all that apply. The focus is located at (0,-3). The parabola opens to the left. The p value can be determined by computing 4 (3).
Answers (1)
Which fraction is proportional to 2/5? Question 4 options: 5/2 6/15 4/7 6/8
Answers (1)
Explain why you should récord a 1 in the tens columna when you regroup in addition problem
Answers (1)
13 + 23+12+7 name the property used in each strp
Answers (1)
At a local fair, a roller coaster takes 19.63 seconds to complete one ride. If six people can ride at the same time, use estimation to determine how many people can ride the roller coaster in one hour.
Answers (1)
New Questions in Mathematics
If simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? round your answer to the nearest whole month.
Answers (1)
Y = (2) (3x^2+4x) ^4. find dy/dx
Answers (1)
12 divided by 1/9 equals
Answers (1)
15) Susan's beach bucket can hold 7 seashells. She wants to collect 28 seashells. How many buckets will Susan need? A) 1 B) 4 C) 7 D) 8
Answers (1)
In a 50-question test, the highest score in the class is three times the lowest score minus four. The difference between the highest score and the lowest score is 30. What is the highest score?
Answers (1)