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Minchanka [31]
2 years ago
13

Alex wants to pay off his credit card balance before he gets married. he decides to take the $2,340 out of his savings and apply

it to his credit card debt of $6,590. the credit card has an apr of 16.5%. what will alex's minimum monthly credit card payment be in order to pay off his debt in 14 months?
Business
2 answers:
Sphinxa [80]2 years ago
7 0

Answer:

$335.80 x month

Explanation:

kodGreya [7K]2 years ago
6 0

Based on the amount of credit card debt that Alex has and the APR on the credit card, his minimum payment to pay off his debt in 14 months will be $335.80 per month.

<h3>How much should Alex pay?</h3>

The balance on the credit card after Alex applies some of his savings to the debt is:

= 6,590 - 2,340

= $4,250

The minimum payment can be found using a credit card calculator where you input the balance above, the APR, the payback period of 14 months.

The minimum amount is:

= $335.80 per month

Find out more on credit card debt at brainly.com/question/11199005.

#SPJ4

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Arisa [49]

Answer:

Tort law is the civil law that enables the employees to seek compensation by the business if anything wrong is done against them.

Explanation:

Tort law secures the rights of employees and enables them to ask for compensation if they are mentally disturbed or physically harmed by the business activities or management team. The law also protects individuals from the threats of harm and compensation can be seek by providing proofs in the court.

4 0
3 years ago
What is the name of the document that comes with your paycheck and
Serga [27]

Answer:

A Paystub.

Explanation:

Paystub or payslip is the document that shows the amount that an employee earned in a particular month and the deductions made. Therefore, a  paystub indicates the total earning or gross pay, the total deductions, and the net pay.  

The paystub shows each earning and deduction on its line. In other words, the paystub show itemized details of all earnings and deductions.

3 0
3 years ago
b. What kinds of information from previous budgets would be helpful for Talar to have on hand when she presents her budget to th
Andrew [12]

Answer:

- The time they took to complete, the places where they got their raw materials from, the duration for which they worked daily.

Explanation:

The above information from the previous budgets must be helpful to Talar while presenting her budget before the Activities Committee as this will assist her in showing how her present budget is dealing with each aspect of the organization and also consider the missing elements of the previous budget. The information associated with 'time consumed to complete the target, the places for raw materials, and the work hours' would help in showing how she has anticipated the cost of production and labor cost while preparing the budget. Thus, this information will establish the credibility of her claims.

8 0
3 years ago
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Step2247 [10]

In order for the deal to go through, you need to compare the owner’s current assets by looking at her. but because you also want to see the company’s, or profit and loss, for one year, you also ask to see her is a correct statement.

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The money made when an item is sold for more than it cost to produce it is known as the profit. The loss, on the other hand, is the sum lost when an item is sold for less than its cost price.

To learn more about current assets

brainly.com/question/17318059

#SPJ4

4 0
1 year ago
Tammy wants to track her spending in categories. What tool should she use? Saving and investing plan, net worth statement, budge
mel-nik [20]
Budget software hope this is the right answer.

5 0
4 years ago
Read 2 more answers
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