For this assignment you will need the prime interest rate as posted

 

Don't use plagiarized sources. Get Your Custom Essay on
For this assignment you will need the prime interest rate as posted
Just from $13/Page
Order Essay

 

For this assignment you will need the prime interest rate, as posted in the Wall Street Journal®.
Use the Internet to search for the current prime interest rate.
• List the current prime interest rate:_______________

 

Question 1
(5 points)
1. You have a credit card that is charging you 9.9% + the current prime rate. What is that interest rate on the credit card today?

 

Question 2
(5 points)
2. If this same card were issued 30 years ago, what would your interest rate be? In the event that there were multiple prime interest rates for a year, use the one that is 30 years from the day your class started. Use the Internet to determine what this rate is.

 

Question 3:
(20 points)
3. In the month of April, your credit card (which is charging you 9.9% + the current prime interest rate) has a balance of $1000. On April 3rd you charge $100, then on April 20th you put 15 gallons of gas on the card. On April 23rd your payment of $400 arrives and is posted to your account. Finally, on April 27th you charge all of your food for the month for your family of 4.

 

a) What is your average daily balance at the end of the month on this card? Hint: You will need to research and find the cost of gas and food in order to solve this. Use the national average as of four months before the date Assignment is due. For instance, if your Assignment is due November 3rd, 2012, use the July 2012 national average.

 

b) How much interest will your card charge you this month, assuming interest is charged on the average daily balance?

 

c) If this card were using the interest rates of 30 years ago, how much interest would your card charge you this month?

 

Essay
(15 points)
5. Search for a consumer research site such as:
Source: Bankrate.com (n. d.). Retrieved from http://www.bankrate.com

 

Research and find three credit cards offered by three different companies. Write an essay on which credit card is the best and why you think it is the best. In your essay look at things like the interest rate, grace period, annual fees and compare those between the cards, but in the end you must make a decision on which card you like best and why. (Note: Professors are free to pick three cards for you to research if they wish, please check with your teacher for specific requirements on this question).

 

Requirements
• Write your essay in this document – do not save it in a separate file.
• You must clearly state your position with well-structured paragraphs using proper grammar, spelling, and sentence structure.
• This is not an “opinion” question – you must offer evidence to support your position, using properly cited sources.
• Your answer must be between ¾-1 page in length.
• You must cite and reference at least one source (book, website, periodical) using APA format.
• Do not use unreliable sources such as Wikipedia, and Yahoo! Answers.

 

 

Place Order
Grab 16% Discount On This Paper
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, MyEssay.Help has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At MyEssay.help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@myessay.help.

Try it now!

Grab 16% Discount On This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

MyEssay.help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At MyEssay.help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.

                                                                                     Place Order macbook tamir - mersin escort - casino-masino.com - bahis