Solve the Problem The Interest Rate on the Card Is 1

question 176

Multiple Choice

Solve the problem.
-On the January 2 billing date, Dano had a balance due of $1241.37 on his credit card. The Transactions during the following month were: $\begin{array}{lll}\text { January } 5 & \text { Charge: prescriptions } & \$ 82.82 \\\text { January } 6 & \text { Payment } & \$ 605.46 \\\text { January } 14 & \text { Charge: tickets } & \$ 160.64 \\\text { January } 19 & \text { Charge: hotel } & \$ 129.66\end{array}$

The interest rate on the card is 1.6% per month. Using the previous balance method, find the Finance charge on February 2.

• A) $10.17
• B) $25.83
• C) $16.14
• D) $19.86

Compare and contrast different foreign policy approaches and their theoretical underpinnings.

Describe the concepts and significance of the military-industrial complex, preventive war, and covert action.

Analyze the debate between unilateralism and multilateralism in US foreign policy.

Examine the effects of the Cold War on US foreign policy and national security strategy.

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Definitions:

Consideration Requirement

In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.

Charitable Subscription

A commitment to donate a specified amount of money to a charity or non-profit organization.

Unliquidated Debt

A debt for which the exact amount owed has not been determined or agreed upon.

Accord And Satisfaction

A legal contract wherein parties agree to a settlement that conclusively resolves a dispute or debt.