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Oswald Hills

Feb 20, 2025

Help with consumer math I graduate in a week and need to pass this class?

1. A fee charged for not paying a bill is commonly called _____. (1 point)a late payment/missed feea bad debt feeaccrued interesta debtor’s fee2. Interest charged when you miss a payment is called _____. (1 point)accrued interestlate interestpast due interestlate payment interest3. Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You miss the first payment due date. The late fee is $35.00. How much is the interest? (1 point)$103.13$110.34$8.59$9.224. How much is the interest if you do not pay the second month? (1 point)$9.05$9.68$121.53$143.70

2 Answers

Take the first problem; You should get accrued interestGood luck!... Show More

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