Addison has a balance of $3,450 on her credit card that has an APR of 18%. She currently pays the minimum monthly payment of $86.25. If Addison wants to pay off her balance in 24 months, determine the monthly payments she would need to make. Choose the following modification with the least cuts to her current expenses that will allow Addison to pay off her balance in 24 months.

Income
WAgES
$2,278.00
EXPENSES
Rent
$950.00

Utilities
$232.45

Food/Clothes
$445.00

Entertainment
$270.00

Car
$200.00

Credit Card
$86.25

Cell Phone
$77.89
Net Income $16.41

a.
Addison can eliminate $73 from Food/Clothes and $100 from Entertainment.
b.
Addison can eliminate $45 from Food/Clothes and $41 from Entertainment.
c.
Addison can eliminate $25 from Food/Clothes and $22 from Entertainment.
d.
The minimum payment is enough to pay off the balance within 24 months.

ANSWER IS B)Addison can eliminate $45 from Food/Clothes and $41 from Entertainment.

Answers

Answer 1

Answer: (B) Addison can eliminate $45 from Food/Clothes and $41 from Entertainment.

Answer 2

Based on the information given, Addison should eliminate $45 from the money budget for Food/Clothes ($445.00) and $41 from Entertainment ($270.00).

Given the following data:

Balance = $3,450.APR = 18%.Monthly payment = $86.25.Time = 24 months (2 years).

How to calculate monthly payment.

Mathematically, the monthly payment for a credit card can be calculated by using this formula:

[tex]M=P(\frac{r}{1-(1+r)^{-nt}} )[/tex]

Where:

P is the principal.r is the interest rate.M is the monthly payment.t is the time.n is the number of times it's compounded.

In this scenario, Addison should eliminate $45 from the money budget for Food/Clothes ($445.00) and $41 from Entertainment ($270.00) because they are the least cuts to her current expenses and they would avail her an opportunity to pay off her balance in 24 months (2 years).

Read more on monthly payment here: https://brainly.com/question/2151013


Related Questions

Please help I will brainliest!! Really urgent!!

Find the difference

and tell you me how you go it, not just the answer please!❤️

Answers

You have to rewrite the expresion without brakets :
5/6x - 7 - 1/2x - 6
Then calculate the difference between the fractions :
1/3x - 7 - 6
Then calculate the difference between 7 and 6
1/3x - 13
Solution : 1/3x - 13

Answer:

1/3x - 1

Step-by-step explanation:

5/6x - 7 -1/2x + 6.          - -6 turns it to +6

5/6x - 7 -3/6x + 6.          Turn 1/2x to 3/6x to make the denominators the same

5/6x - 3/6x -7 + 6

2/6x -1

1/3x - 1

Gcf and distributive property 60-50

Answers

Answer:

bvbhv hacvhkbqwdvwcqbkvwlpbjqcs[lvdcsbhk fveo fveqo fbveq wveqkneqv veq  fko nwvd vd

Step-by-step explanation:

Answer:

60=  3(2) and 5(2)

50= 5 and 2(5)

Step-by-step explanation:

Juile sorted 52 sports cards. She divided into 5 equal groups. Juilie had 12 cards left over. How many cards were in each group?

Answers

Answer:

A standard deck of cards has 52 cards divided into 4 suits, each of which has 13 cards.

Step-by-step explanation:

Hope this helps!

Answer:

8

Step-by-step explanation:

52-12=40

40/5=8

40 + (52 – 7) - 4 in algebra

Answers

ANSWER ⇒ 80EXPLANATION ⇒ To solve this we can use PEMDAS, first subtract in the parentheses, than add, then finally you can subtract...YOUR ANSWER SHOULD BE 80

I think this is right, but sorry if I am wrong.[tex]GODBLESS[/tex]

What is the value of sin(t) if Cos(t)=4/5 and t is in quadrant 1

Answers

Answer:

0.6 or 3/5

Step-by-step explanation:

If cos(t) = 4/5, then, taking the arccos of both sides, t ≈ 36.86989765. Taking the sin of that gives you 0.6, or 3/5 in fraction form.

3.5 is the answer for sure

giving brainliest pls help

Answers

Answer:

Given

Step-by-step explanation:

**Tip: Every first statement reason in every proving starts with 'Given'**

PLSSS HELPPPPP I WIILLL GIVE BRAINLIEST!!!!!
PLSSS HELPPPPP I WIILLL GIVE BRAINLIEST!!!!!
PLSSS HELPPPPP I WIILLL GIVE BRAINLIEST!!!!!

Answers

Answer: -12/-5x

Step-by-step explanation: use slope formula which is y2-y1/x2-x1

-7-5/-2-3

-12/-5

And then add x after the slope because slopes have x after them

Answer:

Answer:

1. = 1

2. -1/3

Step-by-step explanation:

1. (2,4) and (1,3)

The slope formula is   y2-y1

                                    ---------

                                     x2-x1

__________________________________________________________

y2=3

y1=4

x2=1

x1=2

Therefore, the slope is 1, and the correct answer is 1.

__________________________________________________________

2. (2,7) and (5,6)

The slope formula is   y2-y1

                                    ---------

                                     x2-x1

Therefore, the slope is -1/3, and the correct answer is -1/3.

______________________________________________

Hope this helps!

Step-by-step explanation:

please give brainliest :3

ive never gotten brainliest

(25)2 × 100 ÷ 23 + [24 ÷ (13 – 5)] =

Answers

Answer:

It may be 220 9/23. If it's wrong sorry lol.

Step-by-step explanation:

I- uhhhhhhhhhh dkkkkk

Roni and Allie are mowing the grass at the soccer field. Roni has a riding lawn mower and can mow the field in 30 minutes. Allie is pushing a lawn mower and can mow the field in 75 minutes.
If Roni and Allie work together to mow the field, what part of the field would Roni mow?
about 0.52 of the field
about 0.64 of the field
about 0.71 of the field
about 0.87 of the field
Drag each tile to the correct cell in the table.

Answers

Answer:

About 0.71 of the field

Answer:

The answer is .71 of the field

Step-by-step explanation:

Hopefully this helps you

pls mark brainlest

what is an odd number

Answers

Answer:

An odd number is any number than can't be divided by two ! Some examples are 1, 3, and 5.

Any integer (not a fraction) that cannot be divided exactly by 2. The last digit is 1, 3, 5, 7 or 9. Example: −3, 1, 7 and 35 are all odd numbers.

IS 8 BY -3 A NEGATIVE RATIONAL NUMBER

Answers

Answer:

Yes. The answer is -24.

Step-by-step explanation:

Hope this helped.

plz help out with this with steps to I have all of questions like this to answer if u can help with this I would be able to answer the rest it's for my little sis in (6 garde)​

Answers

2 is the ? Answer :)

In ΔPQR, \text{m}\angle P = (4x-14)^{\circ}m∠P=(4x−14)

, \text{m}\angle Q = (5x+6)^{\circ}m∠Q=(5x+6)

, and \text{m}\angle R = (x-2)^{\circ}m∠R=(x−2)

. Find \text{m}\angle R.m∠R.

Answers

Answer:

17

Step-by-step explanation:

The measure of angle R is 17°

What is a triangle?

A triangle is a polygon with three edges and three vertices.

Given is a triangle, PQR and measurements of the angles are given as, m∠P=(4x−14), m∠Q=(5x+6) and m∠R=(x−2)

We know that, the sum of the interior angles of a triangle is 180°

Therefore, ∠ P + ∠ R + ∠ Q = 180°

4x-14 + 5x+6 + x-2 = 180°

10x -10 = 180°

10x = 190°

x = 19°

Now, ∠ R = x-2

∴ ∠ R = 19-2

∠ R = 17°

Hence, the measure of angle R is 17°

For more references on triangles, click;

https://brainly.com/question/2773823

#SPJ2

The first 6 terms of a sequence are shown below.
96, 48, 24, 12, 6, 3,...
What is the 12th term of the sequence?

Answers

Answer:

It would either be (1.5, 1 1/2, or 3/2) - they are all the same value just written differently.

Step-by-step explanation:

going from left to right, you can see the pattern of the sequence is to divide each number by 2.

96/2 is 48; 48/2 is 24; 24/2 is 12; 12/2 is 6; 6/2 is 3

taking that knowledge, you would divide 3 by 2, resulting in 1.5 ; 2/3 ; or 1 1/2

PLEASE HELP! THE FIRST PERSON WHO HELPS ME WILL HAVE GOOD LUCK!

Answers

Answer: The 3/8 image will go with the answer 3/4 x 1/2. The The 3/16 image will go with the answer 1/4 x 3/4. And finally, the 4/9 image goes with the answer 2/3 x 2/3. You’re welcome. :)

Step-by-step explanation:

f(x) = 5/4a3 – 3a2 + 1/3a y g(x)= 2/5a3 + 3/4a - 6/5 ???
urgent!!

Answers



I believe this is the answer if you need it in this order.

What is an advantage of renting a place to live?

Answers

From personal experiences, renting instead of owning a house gives me less expenses to worry about. It really depends on your renting agency however, for my family we have never had to worry about the cost of broken appliances (dishwasher, AC, etc), as every-time we have had one break our renting agency has paid for its repair.

Answer:

The main benefits of renting a place of residence is having fewer responsibilities than homeowners since they do not have to deal with maintenance and repairs. It also offers mobility when a location change is necessary or desirable. Taking possession of a rental house is cheaper than buying a home

<1 and <2 are supplementary angles . If m<1=77,then m<2=?

Answers

Answer:

m∠2 = 103°

Step-by-step explanation:

Since ∠1 and ∠2 are supplementary angles, together they equal 180. So, you would just subtract 180-77 and get 103. To check if you are correct just add ∠1 and ∠2 ( 77+103) and you'll get 180.

Answer:

Step-by-step explanation:

The sum of two supplementary angles sum up to 180°

Hence <1+<2 = 180°

Given

<1 = 77

Substitute and get <2

<1+<2 = 180

77+<2 = 180

<2 =180-77

<2 = 103°

Hence the measure of <2 is 103°

which is closer to 0, -24 or 38

Answers

Answer:

-24

Step-by-step explanation:

Although -24 is a negative number, it still is 24 numbers away from zero. 38 is positive and is 38 digits away.

help please, im failing math.

Answers

Answer:

Step-by-step explanation:i think it's the second one

ion know

,54466788999 divide by 9,445 9,965 / the decimal 320​

Answers

Answer:

2123 efs d

Step-by-step explanation:

fsdfesd 2 23 r  efsdfe sde34 2df

Find the 77th term of the arithmetic sequence
-7, -2, 3, ...

Answers

Answer:

373

Step-by-step explanation:

first you find the difference between the first two numbers so we do -7 minus -2=-5 then plug it in -7+5=-2 now plug in 5 for the next two numbers -2+5=3 so now we know the rule is +5 now we do 5*76=380 then we do -7+380=373

May u please help me ill give out the brainly

Answers

Answer: The answer that I think is A

sry if wrong

It’s A your welcome

Each line represents a proportional relationship. Write an equation for each line. Show your work.

Answers

JOE MAMA

HA GOTTEM

GEEEEEEEEEEEEET DUNKED ON

78
61
97
74
72
58
87
36
Equal what​

Answers

Answer:

Step-by-step explanation:

78+61+97+74+72+58+87+36= 563

78+61+97+74+72+58+87+36=563

Which statement about the planes is true?

Answers

bruh

why

what

?

osea  si pero al a vez cuando pasa osea si parece pero no lo es pero lo es cuando puede ser

What is B^y=x in logarithmic form?

Answers

Answer:

The logarithmic function for x = 2y is written as y = log2 x or f(x) = log2 x. The number 2 is still called the base. In general, y = logb x is read, “y equals log to the base b of x,” or more simply, “y equals log base b of x.” As with exponential functions, b > 0 and b ≠ 1

Step-by-step explanation:

ttygytex x so r5f3ygthttg

I am having trouble finding this out will anyone help?

Answers

Answer: g = 4

Step-by-step explanation:

30 = 26+g

4 = g

Which set of side lengths cannot make a triangle?
1.) 3 cm, 3 cm, 6 cm
2.) 3 cm, 4 cm, 5 cm
3.) 3 cm, 5 cm, 7 cm
4.) 3 cm, 6 cm, 6 cm

Answers

Answer:

Option "A" is correct answer to the following question.

Step-by-step explanation:

We know that, in triangle sum of two smaller lines ≥ largest side

So,

3 cm + 3 cm < 6 cm   [Not correct to the given situation.]

3 cm + 4 cm > 5 cm [Correct]

3 cm + 5 cm > 7 cm [Correct]

3 cm + 6 cm > 6 cm [Correct]

Answer:

A  The one that says 3 cm, 3 cm, 6 cm.

Step-by-step explanation:

At 9 o’clock in the morning, the temperature was 29 Fahrenheit it dropped 5 Fahrenheit each hour what was the temperature at 4 o’clock in the afternoon?

Answers

Answer:

-6 degrees fahrenheit

Step-by-step explanation:

7×5=35

29-35=-6

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