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?

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.

Question 3If you put $1000 into an account with a 20% interest rate, how much money will you have at the end of the year if interest is compounded ONCE per year?1 point

A company borrows money as needed on the first day of the month and repays principal and interest on the last day of the budget period, if cash is available.  For the second quarter of the year, they borrowed $10,000 in April, $8,000 in May and $5,000 in June.  The interest rate is 1% per month.  Assuming enough money is available on June 30th to repay the debt, the total amount of interest due is Blank______.Multiple choice question.$560$230$690

. Now that you are almost finished with school, you also have to start paying back your student loans. You borrowed a total of N$12,500. You plan to pay back the loan over 10 years at an interest rate of 9.4% interest, compounded monthly. How much will your monthly payments be?

A person bought a refrigerator worth Rs. 22,800 with 12.5% interest compounded yearly. At the end of first year he paid Rs. 8,650 and at the end of second year Rs. 9,125. How much will he have to pay at the end of third year to clear the debt? (UPSC 2017)