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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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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
Concept Check Problems Unpaid Balance = $ 761.67 Previous Balance = $ 1111.67 New Balance = $ 1036.23 4. Monthly Rate = 1.90 %
$ 1197.28 $ 981.90
12 $ 411.89 Unpaid Balance = $ 974.44 Previous Balance = $ 1224.44 New Balance = $ 1368.88
Spiral Review 14. $ 497.58 15. $ 410.93 16. $ 29.69
Concept Check Problems Finance Charge = $ 7.38 Unpaid Balance = $ 350 New Balance = 457.38 11. $ 1680
20a. Average = $ 113.57 Finance Charge = $ 1.36 21. 2.5999% = 2.6%