You have an $8000 balance on your credit card, which charges 12% interest annually (1% per month). If you can afford to pay $100 per month, how many months will it take to pay the credit card in full?a.162 monthsb.82 monthsc.14 monthsd.170 monthse.You will never get the card paid off at that rate.

Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approximate monthly interest rate that will apply to any unpaid balances on this credit card? Assume 12 equal months.Select answer from the options below26.0%.13.0%.4.1%.2.17%.

You ran a little short on your spring break vacation, so you put $1,000 on your other credit card. You can afford only the minimum payment of $60 per quarter. The interest rate on the credit card is 18 per year compounded quarterly.  How many years will you need to pay off the $1,000?

Calculate the finance charge for a credit card that has the given average daily balance and interest rate. (Round your answer to the nearest cent.)Average daily balance: $113.31; monthly interest rate: 1.55%

You have lost the benefit of an interest free period on your credit card. The balance of your credit card is $1,200 for the first 5 days of the statement period then $2,000 for the next 22 days and finally $2,300 for the last 3 days of the statement period. The annual interest rate on the credit card is 19%. There are 365 days in a year.Calculate the interest charged at the end of the statement period. [Express your result with 2 decimal places] Do not type any $ sign.

If you have a credit card charging 28% interest. Based on the following information, how much would be due if paid on January 30? Purchase Amount Purchase date Shoes $145 January 1 Jacket $320 January 5 The statement is dated January 7. The grace period is 20 days How much would be owing if paid on January 30