Mathematics

Eudora transferred a balance of $6400 to a new credit card at the beginning of the year. The card offered an introductory APR of 7.8% for the first 3 months and a standard APR of 26.5% thereafter. If the card compounds interest monthly, what will Eudora's balance be at the end of the year? (Assume that Eudora will make no payments or new purchases during the year, and ignore any possible late payment fees.) A. $6525.61 B. $7790.35 C. $8317.94 D. $7943.25


Answers

Jace13

2 years ago Comment

D. Apex for life......