84
QuizMultiple Choice

Using Graphs to Advertise — Cumulative exam

Question 84 • FowU - Financial Math - B

Frank has four different credit cards, the balances and interest information of which are outlined in the table below. He would like to consolidate his credit cards to a single credit card with an APR of 18% and pay off the balance in 24 months. What will his monthly credit card payment be?Credit CardBalanceAPRA$2,380 19%B$4,500 15%C$1,580 17.50%D$900 21%

Answer
A
$390.00
B
$462.91
C
$467.29
D
$52.00
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