MAT 144 Topic 1 Discussions GCU
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  • Reads 27
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  • Parts 1
  • Time <5 mins
Ongoing, First published Feb 21, 2018
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MAT 144 Topic 1 DQ 1
In Chapter 1 of the text (1-13) you will look at calculating a monthly payment for a loan.  A simpler problem is to compute the amount a loan would cost you in one month.
Using information from an internet source, determine the current interest rate a credit card or loan. Suppose you borrow $1000 (or spend $1000) on a credit card. How much will you owe in one month? 6 months if you pay nothing for 6 months?
Compute the 6 month cost in two ways:
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