Suppose that on January 1 you have a balance of \( \$ 3200 \) on a credit card whose APR is \( 17 \% \), which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from, part (b) is interest? a. The monthly payment is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.)

3. Luis' current savings amount to P25 000. He wants to put this amount in an Investment that earns a \( 5.25 \% \) simple interest annually. How much will the maturity value of the money be after 3 years? Solution and answer:

Naya invests \( \$ 7500 \) in an account which accrues interest continuously at a rate of \( 4.5 \% \). 1. Write an exponential growth function to model the value of her investment after \( t \) year 2. How much interest does Naya earn in the first six months to the nearest dollar? 3. How much money, to the nearest dollar, is in the account after 8 years?

bicycle. The interest rate on the loan from the bank is \( 9 \% \). He wants pay the total amount in 3 monthly payments. What is the amount that Barry would pay in interest for his loan?

Three individuals form a partnership and agree to divide the profits equally. X invests \( \$ 9,000, \mathrm{Y} \) invests \( \$ 7,000, \mathrm{Z} \) invests \( \$ 4,000 \). If the profits are \( \$ 4,800 \), how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z ?

What is net income? " a) Total income before taxes b) Total income affer taxes and deduetions e) income from investments only d) Total amount saved