A bank is offering you an introductory credit card promotion. Your interest for the first year is 8%. But at the beginning of the 2nd year you interest rate will go up to 23%. If you have an $1,800 balance on hour card throughout both years, what will be the difference in the monthly interest owed during year 1 and year 2

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.