Blake earns 3,200 each month. He pays 600 per month for housing, 300 per month for a car loan, and 150 per month in other debt payments. Find Blake's debt-to-income ratio to the nearest tenth of a percent.
Q. 2Adriana's credit card has an APR of 12.5 for purchases and 21 for cash advances. The company uses the average daily balance method with a daily periodic rate for purchases and cash advances. They also charge an additional cash advance fee of 55 per transaction. In a 30-day billing cycle, Adriana has an average daily balance of 423.92. She took a cash advance of 350.00 during the cycle and must pay finance charges for 23 days. What are her total finance charges?
Q. 3The credit card statement of Hayden Bolt for February listed these items: 2/1, previous balance, 376.18; 2/5, purchase, 178.66; 2/10, payment, 200.00; and 2/23, purchase, 73.51. The credit card company uses the average daily balance method excluding purchases and a daily periodic rate of 0.000493. Assuming it is not leap year, what is Hayden's finance charge for February and his new balance?
Q. 4Alice Brontworth's credit card statement for November showed these items: 11/1, previous balance, 121.33; 11/7, purchase, 59.10; 11/11, purchase, 23.27; and 11/17, payment, 110.00. Alice's card company uses a 1.75 monthly periodic rate and the average daily balance method including purchases. What is Alice's finance charge for November and the new balance?
Q. 5Hernando Fuentes uses a credit card that has a 21.9 APR and uses the adjusted balance method to calculate finance charges. Hernando's statement listed these facts: previous balance, 579.47; new purchases, 229.13; late payment fee, 29.00; payments, 150.00; and credits, 76.39. If the credit card company uses a daily periodic rate, what is Hernando's finance charge and new balance on a 30-day billing cycle?