MAT 109 Entire Course New

Question 1

MAT 109 Module 3 Assignment 2 LASA 1 Analysis of Credit Card Debt NEW

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MAT 109 Module 3 Assignment 2 LASA 1 Analysis of Credit Card Debt NEW

Credit card debt is a reality for many in today’s world. Suppose that you had a $5,270.00 balance on a credit card with an annual percentage rate (APR) of 15.53 percent. Consider the following questions and prepare a report based upon your conclusions. This report must be submitted as a Word document and attachment to the Assignment 3 Dropbox. Consider the following questions and prepare a report based upon your conclusions. Your report should be created as a Word document, but you are encouraged to create graphs and charts (which can be made in Excel and copied to the Word document) to illustrate your points. Remember: make sure you explain what the charts and/or graphs mean; do not assume the reader understands what they mean.

1. Most credit cards require that you pay a minimum monthly payment of two percent of the balance. Based upon a balance of $5,270.00, what would be the minimum monthly payment (assuming no other fees are being applied)?
2. Considering the minimum payment you just calculated, determine the amount of interest and the amount that was applied to reduce the principal. Hint: You’ll need to find the total interest for the year first.
3. Consider one of your credit cards. What is the balance? How is the minimum monthly payment determined? What would be the minimum payment? How much of the minimum payment goes towards interest? How much of the minimum payment goes towards the principal? If you do not want to share an actual balance or do not have a credit card, calculate these amounts using an imaginary credit card balance.
4. Now, examine the terms of one of your credit cards or other revolving debt. Are there other charges that the credit card company is applying to your account? Are you receiving a special rate for a limited time? Does your card charge an annual service charge or an inactivity fee?

Answer 1

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Question 2

MAT 109 Module 5 Assignment 1 LASA 2 Apportionment Problem NEW

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MAT 109 Module 5 Assignment 1 LASA 2 Apportionment Problem NEW

You are a census officer in a newly democratic nation and you have been charged with using the census data from the table below to determine how 100 congressional seats should be divided among the 10 states of the union.

State

Population

1

15475

2

35644

3

98756

4

88346

5

369

6

85663

7

43427

8

84311

9

54730

10

25467

Being a fan of United States history, you are familiar with the many methods of apportionment applied to this problem to achieve fair representation in the US House of Representatives. You decide that apportionment (chapter 11, sections 1-4 in your textbook) is the best approach to solving this problem, but need to compare several methods and then determine which is actually fair.

1. Using the Hamilton method of apportionment, determine the number of seats each state should receive.
2. Using the numbers you just calculated from applying the Hamilton method, determine the average constituency for each state. Explain your decision making process for allocating the remaining seats.
3. Calculate the absolute and relative unfairness of this apportionment.
4. Explain how changes in state boundaries or populations could affect the balance of representation in this congress. Provide an example using the results above.
5. How and why could an Alabama Paradox occur?
6. Explain how applying the Huntington-Hill apportionment method helps to avoid an Alabama Paradox.
7. Based upon your experience in solving this problem, do you feel apportionment is the best way to achieve fair representation? Be sure to support your answer.
8. Suggest another strategy that could be applied to achieve fair representation either using apportionment methods or a method of your choosing.

Answer 2

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