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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which relation is also a function? A. { (-5, 3) (6, 3) (1, 3) (2, 3) } B. { (-1, 5) (2, 6) (1, 5) (2, 8) } C. { (3, 6) (3, - 2) (3, 4) (3, 0) } D. { (0, - 2) (1, 7) (2, 3) (0, - 1) }
Answers (1)
What's the answer for this equation - 6n-6+1+6n?
Answers (1)
Consider the experiment of tossing a coin twice, Let A and B be two events defined below. A = (first toss results in H) and B = (second toss results in H) the events A and B are what
Answers (2)
Michael cycled a distance of miles in hours. What is his cycling unit rate in miles per hour?
Answers (1)
1. Start Time: 3:10 End Time: 7:15 Find the time in minutes
Answers (1)
New Questions in Mathematics
What's joint frequency?
Answers (2)
How do you solve 235+123 using a number line?
Answers (1)
Tanisha has 3 1/4 feet of pink ribbon and 1 3/4 feet of yellow ribbon. How much more pink ribbon does Tanisha have than yellow ribbon? Write your answer in simplest form.
Answers (1)
Which of the following equals the difference between the total surface area and base area of any three-dimensional figure? A. Slant height B. Perimeter C. Lateral area D. Altitude
Answers (1)
Th fastest a human has ever run is 27 miles per hour how many miles per minute did the human run
Answers (1)