Jordan’s credit card has an apr of 10.59%, compounded monthly. he is required to make a minimum payment of 3.96% of his current balance every month. at the beginning of march, jordan had a balance of $628.16 on his credit card.

the following table shows his credit card purchases over the next few months. month cost ($)
-march 50.81
march 48.04
april 77.36
april 32.40
april 49.20
may 25.79
may 79.39
may 79.08

if jordan makes only the minimum monthly payments in march, april, and may, what will his balance be after he makes the minimum payment for may? (assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. round all dollar values to the nearest cent.)

a. $1,094.10 b. $988.97 c. $967.60 d. $1,070.23

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates