Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please solve 32, 33, and 34 show work! thanks!

please solve 32, 33, and 34 show work! thanks! M U UTTUU...

60.1K

Verified Solution

Question

Accounting

please solve 32, 33, and 34 show work! thanks! image
M U UTTUU Norest one-halt of a percent. Solve the problem. Show ALL work and round answers to the nearest cent. 32) On the January 25 billing date, Vivian had a balance due of $364.29 on her credit card. The transactions during the following month were: January 26 Charge: curtains $374 January 27 Payment $137.31 February 16 Charge: tires $212.77 The interest rate on the card is 1.5% per month. Using the average daily balance method, find the finance charge on February 25 (January has 31 days). 33) George obtains a 25-year mortgage at 13% on a house selling for $154,000. The bank requires 15% down payment. What is the amount of George's mortgage? 34) Constance Hairston obtains a 20-year, $128,500 mortgage at 12.5% on a house selling for $154,000. Her monthly payment, including principal and interest, is $1459.76. How much of the total cost will be interest

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5. Write an essay explaining how potassium chloride stops the heart. I understand that the potassium chloride...

Medical Sciences
Q

client has a groundwater supplu with chlorides of 5000 MG\L, lots of hardness, and a few...

Civil Engineering
Q

In UART protocol, how many bits are NECESSARILY added into a data package for the interfacing...

Electrical Engineering
Q

Rocky Mountain Tire Center sells 22,000 go-cart tires per year. The ordering cost for each order...

General Management
Q

Which of the following is a general feature of kinases? (13% answered correctly)A. NONE OF...

Biology
Q

IQ scores have a mean of 100 and a standard deviation of 16. Albert Einsteinreportedly...

Basic Math
Q

If an 8-hour workday includes a total break time of 14%, how many hours are...

Algebra
Q

Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates Review the Tableau visualization,...

Accounting
Q

The Boxwood company sells blankets for $60 each. The following was taken from the inventory...

Accounting
Q

The steps in management's decision-making process are listed in random order below. Indicate the order...

Accounting
Q

Mei-kwei Internationals common stock sold for $4.05 per share at the end of this year....

Accounting
Q

Ray, the owner of a small company, asked Holmes, a CPA, to conduct an audit...

Accounting