22-05-2024
Mathematics

Answered

Please who due today!!! 30 points!!!

The fine print on Jay's company credit card states that if he does not pay his balance in full in 2 years, he will have to pay interest on his original purchase balance at 22.93% APR compounded daily. Jay purchases a $2200 TV and makes no payments for 2 years.
a. List the values for the following variables
P=
r=
n =
t=

B. Find Jay's ending balance after 2 years of compounded interest.

Answer :

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