Benjamin's credit card has an apr of 19%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. his credit card record for the last 7 months is shown in the table
below.
end of
principal
month
payment
received
50.00
paid
charges
50.00
$48.00
voorwn
previous
balance
$0.00
$2400.00
$2390.00
$2380.04
s2370 12
$2360 25
$2350.41
new
charges
$2400.00
so 00
50.00
$0.00
s0 00
547 80
$47.60
wong
50 00
$10.00
$9 96
992
balance
$2400.00
$2390 00
$2380 04
$2370 12
$2360 25
$2350.41
$2340.62
54740
50.00
$0.00
what is the total amount that benjamin has made in payments over the 7
months?
o
a. $225.64
o
b. $47.01
o
c. $59.38
od. $285.01

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)