1 how long will it take kate to pay for the same purchase, Ask an Expert

Finance

1. How long will it take Kate to pay for the same purchase if the minimum payment is changed to 3% of the outstanding balance of $3,750 but the interest rate is raised to 23%? How much interest will she pay in total?

2. Calculate the average daily balance (ADB) and the finance charge on Drew's account that has 9.5% APR and a 30-day billing cycle. His January statement

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Category:- Basic Finance
Reference No.:- M92042099

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