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Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month? $12.68 $152.10 $15 $1.25
Weegy: Andy will pay in interest for one month of $12.68. APR means annual percentage rate so we need to divide the 18% by 12. User: If you pay the balance on your credit card each month, the _____ is the most important factor to consider when selecting a credit card. APR annual fee late fee over-the-limit fee Weegy: The rates and fees charged by a credit card company are the most obvious criteria to consider when selecting a credit card. Even if you do not intend to carry a balance on your card. User: A number that lenders look at to see if an individual is creditworthy is a _____. credit report credit score spending report credit history User: Bankruptcy is a possible consequence for having _____. excessive debt low credit score subprime loans unpaid bills Weegy: Select all of the possible consequences for excessive debt-all of the above. User: Natalie makes $2,000 per month. She spends $100 on credit card payments and $250 on an auto loan. What is her debt-to-income ratio? 17.5 percent 22 percent 2.7 percent 32.5 percent User: A lender uses a credit report to _____. decide if the applicant is creditworthy decide whether they have enough collateral for a loan determine the applicant's net worth notify a loan applicant if they have been approved for the loan Weegy: A lender uses a credit report to decide if the applicant is creditworthy. (More)
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Asked 5/18/2013 8:34:29 PM
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