Assume You Have a Balance of $3200 on Your Credit

question 211

Multiple Choice

Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment andtotal payment under the given conditions. Assume you make no additional charges to the card.
-The credit card APR is 19% and you want to pay off the balance in 1 year.

• A)$252.52; $3030.19
• B)$443.92; $5327.04
• C)$294.90; $3538.81
• D)$354.38; $4252.60

---

Definitions:

Job Interview

A formal conversation between a job applicant and a representative of an employer which is conducted to assess whether the applicant should be hired.

Repetition

The act of doing or saying something again multiple times, often for learning, emphasis, or effect.

Comprehend Difficult

The challenges associated with understanding complex concepts, texts, or problems.

Accessibility

The ease with which people can bring an idea into consciousness and use it in thinking.