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Help with math. Dont understand any of this.?





Question 1 (Multiple Choice Worth 2 points)Ben opened a credit card at a department store with an APR of 27.99% compounded monthly. What is the APY on this credit card? 2.33% 31.88% 39.27% 55.98%Question 2 (Multiple Choice Worth 2 points)Barbara opens a credit card with an APR of 19.99%. How much is charged in interest this month if her balance is $1250? $19.99 $20.82 $249.88 $16.66Question 3 (Multiple Choice Worth 3 points)Aimee is comparing three investment accounts offering different rates. Option A: APR of 7.79% compounding monthly Option B: APR of 7.70% compounding quarterly Option C: APR of 7.685% compounding daily She would like to earn at least an 8% annual yield. Which account(s) will give Alexandra the yield she wants? Option A only Option B only Options A and C only Option B and C onlyQuestion 4 (Essay Worth 8 points)Part 1: Explain which companies would advertise APY over APR and describe how this would help them attract customers. (4 points)Part 2: Create a unique APR (state how often the rate is compounded) and calculate the corresponding APY. Use a comparison of the two rates to verify your answer to part 1. (4 points)



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One Response so far.

  1. antara says:

    thats some hard **** right there