An unpaid credit card bill for $656.95 had a due date of May 8. Purchases of $345 were made on May 15, $114.78 on May 17, and $59.67 was charged on June 2. A payment of $340 was made on May 25. Find the finance charge due on June 8 if the interest rate on the average daily balance is 1.4%
Suppose you purchase an insurance policy today that will provide you with $250,000 when you retire in 35 years. Assuming an annual inflation rate of 6%, what will be the purchasing power (in dollars) of $250,000 in 35 years?
Jason has $3,477.95 in credit card debt. The annual interest rate on the unpaid balance is 18.2% compounded monthly. If Jason wants to pay off his credit card debt in 2 years, what is his monthly payment, assuming he makes no additional purchases on this card?