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Solutions to Section 7.1

Solutions to Section 7.1. 9. $ 1809.30 $ 299.97 $ 182.09 $ 679.58 Payments = $109.90, New Purchases = $188.73, New Balance = $369.04 $ 2494.20. 15. $ 634.10 16. $ 405.14 17. $ 349.63 18. 35.26 hours. Questions???. Solutions to Section 7.2. Concept Check Problems.

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Solutions to Section 7.1

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  1. Solutions to Section 7.1

  2. 9. $ 1809.30 $ 299.97 $ 182.09 $ 679.58 Payments = $109.90, New Purchases = $188.73, New Balance = $369.04 $ 2494.20

  3. 15. $ 634.10 16. $ 405.14 17. $ 349.63 18. 35.26 hours

  4. Questions???

  5. Solutions to Section 7.2

  6. Concept Check Problems Unpaid Balance = $ 761.67 Previous Balance = $ 1111.67 New Balance = $ 1036.23 4. Monthly Rate = 1.90 %

  7. $ 1197.28 $ 981.90

  8. 12 $ 411.89 Unpaid Balance = $ 974.44 Previous Balance = $ 1224.44 New Balance = $ 1368.88

  9. Spiral Review 14. $ 497.58 15. $ 410.93 16. $ 29.69

  10. Questions???

  11. Solutions to Section 7.3

  12. Concept Check Problems

  13. Concept Check Problems Finance Charge = $ 7.38 Unpaid Balance = $ 350 New Balance = 457.38 11. $ 1680

  14. 20a. Average = $ 113.57 Finance Charge = $ 1.36 21. 2.5999% = 2.6%

  15. Questions???

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