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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 78
Solve the following application problems.
HOT TUB PURCHASE Betty Thomas borrowed $6500 on her Visa card to install a hot tub with landscaping around it. The interest charges are 1.6% per month on the unpaid balance. (a) Find the interest charges. __________ (b) Find the interest charges if she moves the debt to a credit card charging 1% per month on the unpaid balance. __________ (c) Find the monthly savings.__________
HOT TUB PURCHASE Betty Thomas borrowed $6500 on her Visa card to install a hot tub with landscaping around it. The interest charges are 1.6% per month on the unpaid balance. (a) Find the interest charges. __________ (b) Find the interest charges if she moves the debt to a credit card charging 1% per month on the unpaid balance. __________ (c) Find the monthly savings.__________
Explanation
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We need to finance charge.
The followi...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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