Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approximate monthly interest rate that will apply to any unpaid balances on this credit card? Assume 12 equal months.Select answer from the options below26.0%.13.0%.4.1%.2.17%.

You have an $8000 balance on your credit card, which charges 12% interest annually (1% per month). If you can afford to pay $100 per month, how many months will it take to pay the credit card in full?a.162 monthsb.82 monthsc.14 monthsd.170 monthse.You will never get the card paid off at that rate.

Calculate the finance charge for a credit card that has the given average daily balance and interest rate. (Round your answer to the nearest cent.)Average daily balance: $113.31; monthly interest rate: 1.55%

You ran a little short on your spring break vacation, so you put $1,000 on your other credit card. You can afford only the minimum payment of $60 per quarter. The interest rate on the credit card is 18 per year compounded quarterly.  How many years will you need to pay off the $1,000?

A charge account had a balance of $972 on May 5. A purchase of $223 was made on May 17, and a payment of $125 was made on May 20. The interest on the average daily balance is 1.6% per month. Find the finance charge on the June 5 bill. (Round your answer to the nearest cent.)

You have lost the benefit of an interest free period on your credit card. The balance of your credit card is $1,200 for the first 5 days of the statement period then $2,000 for the next 22 days and finally $2,300 for the last 3 days of the statement period. The annual interest rate on the credit card is 19%. There are 365 days in a year.Calculate the interest charged at the end of the statement period. [Express your result with 2 decimal places] Do not type any $ sign.