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Mathematics, 20.11.2021 06:10 kbrxxzy
Below are three advertisements for the same mini fridge from three different stores. You will need to get a credit card from one of the stores in order to buy the fridge. Complete the calculations to determine what the best deal is for you. Show your work!
Mini-Fridge Cost: $300
New Applicant Discount: 10%
Annual Interest Rate: 14.99%
Minimum Monthly Payment: $23
Mini-Fridge Cost: $285
New Applicant Discount: 5%
Annual Interest Rate: 15.99%
Minimum Monthly Payment: $19
Mini-Fridge Cost: $315
New Applicant Discount: 12%
Annual Interest Rate: 12.99%
Minimum Monthly Payment: $26
Part 1: If you only make the minimum payment each month, how long will it take you to pay off each bill AND what is your total for each credit card?
Part 2: If you pay $70 per month for the first 5 months, what will your remaining balance be for each credit card in the 6th month.
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Answers: 2
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Below are three advertisements for the same mini fridge from three different stores. You will need t...
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