a) What other expenses will you be responsible for when you graduate and live on your own? (yo
may have a roommate) List at least 4 additional monthly expenditures.
Con inswance
(iv).
phones
i) Rent
ii) Food
iii) Internet
(vi)
=8) Credit Cards
a) Will credit cards help? The average undergraduate student leaves college with a diploma and
around $2750 in credit card debt (graduate students, $4800). Suppose you have a credit card
with a balance of $2750 and an interest rate of 19.8% APR. The minimum payment is $45.00.
Sun
syn The amount of interest due each month is figured as current balance
SYN
sir
(decimal form) and n is 12.
b) Will you ever be out of debt with the credit card company? Explain.
where r is the rate