# Thread: help understand my Credit Card Project

1. ## help understand my Credit Card Project

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This is the worksheet my quantitative reasoning teacher assigned us. I was able to complete the chart using Microsoft Excel. Image 3. has all the values for to table in image 1. A tutor at my college gave me the logical formula to find the minimum payment, interest, and Balance A at the end of month. I do not understand completely how he came to the equations I wrote on the bottom for each column of the chart. Which brings me to my next problem.

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I do not know how to answer question 4 where it asks me to use my table/chart to determine a formula for the balance A at the end of m months (as the minimum payment is greater than \$25). The answer seem obvious and in my face but I do not know how to solve. Please clarify this form me.

2. ## Re: help understand my Credit Card Project

Can you provide something legible?

3. ## Re: help understand my Credit Card Project

EPSON006.PDF
EPSON005.PDF
EPSON007.PDF
I need help with question #4 Ive uploaded the documents in pdfs

4. ## Re: help understand my Credit Card Project

hope that helped.