Mathematics, 28.10.2020 17:50 haileeattaway

Victor has a credit card with an APR of 13.66%, compounded monthly. He currently owes a balance of $1,349.34. Assuming that Victor makes no purchases or payments, how much will he owe after one year, to the nearest cent? a.
$1,349.34
b.
$1,533.66
c.
$1,545.65
d.
$1,364.70

Answers: 1

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Victor has a credit card with an APR of 13.66%, compounded monthly. He currently owes a balance of $1,349.34. Assuming that Victor makes no purchases or payments, how much will he owe after one year, to the nearest cent? a. $1,349.34 b. $1,533.66 c. $1,545.65 d. $1,364.70

Answers

Another question on Mathematics

Victor has a credit card with an APR of 13.66%, compounded monthly. He currently owes a balance of $1,349.34. Assuming that Victor makes no purchases or payments, how much will he owe after one year, to the nearest cent? a.
$1,349.34
b.
$1,533.66
c.
$1,545.65
d.
$1,364.70