1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allochka39001 [22]
3 years ago
7

Explain, using complete sentences, how someone might snowball their debt according to the balance.

Mathematics
2 answers:
Anni [7]3 years ago
7 0

According to the snowball method, people must stipulate a monthly amount for the payments of their debts, and thus pay first the lower balance debt, once paid, use that amount that left the first debt free, in the second largest debt, and once paid, use the free money for the previous debts, to cancel the next highest, and so on, paying them until getting to cancel them all.


This method has several benefits, firstly it helps to settle the debts in an organized way, and in the shorter time possible, reducing the interest charges and fees, and also psychological help, since when people pay off their debts have mentally and financial tranquility.
algol133 years ago
5 0
<span>Using the snowball method to pay off debt is fairly basic and simple. In this method you begin by clearing the smaller debts first. Once these are cleared you have more money that you can put towards them because you no longer have payments on the smaller debts. This method is simple and often helps eliminate debts quicker.</span>
You might be interested in
How do you wirte 15 and 40 in simplest form
dem82 [27]

Step-by-step explanation:

15 : 40

Both have table of 5 in common

5 : 8

4 0
3 years ago
Read 2 more answers
Ryan's unpaid credit card balance was $1853.68. His APR is 24.9%. What is his new balance after he makes one new transaction for
nataly862011 [7]

Answer:

  $2070.14

Step-by-step explanation:

Credit card terms vary, as do methods of computing interest and new balance. Here, we'll assume that no payment has been made (<em>in violation of the terms of the credit card</em>), and that the finance charge is only applied to the previous balance.

The finance charge is ...

  $1853.68 × 0.249 ÷ 12 = $38.46 . . . . . . . the monthly rate is 0.249÷12

Then the new balance will be the sum of the previous balance, finance charge, and new transaction(s):

  $1853.68 +38.46 + 178.00 = $2070.14

_____

<em>Comment on lack of payment</em>

Because no payment has been made, there may also be a late-payment charge added to the balance.

4 0
3 years ago
Shana took a test with 50 questions. She lost 2 points for each of the 5 questions she got wrong. She got all 3 extra credit que
jeka57 [31]

Answer:

She gained 5 points in overall

Step-by-step explanation:

Shana lost points for each wrong question = 2

So, She lost points for 5 wrong questions =2 \times 5

She lost points for 5 wrong questions = 10 points

Now, She gained points for each correct question = 5

So, She gained points for 3 correct questions =5 \times 3

She gained points for 3 correct questions =15

So, Overall gain = 15-10 = 5

She gained 5 points in overall

Hence the total number of points gained by her is 5 points

4 0
3 years ago
1.) Which is the most precise name of this figure? 1. parallelogram
PolarNik [594]

Answer:

Here are the answer to your question

1. Rhombus

2. Diagonals are congruent

Here is the answer for the rest of the quick check if anyone needs them

3. Diagonals are perpendicular and diagonals are congruent

4. 4



8 0
3 years ago
Read 2 more answers
When using the inspection method, which number would you add to (and subtract from) the constant term of the numerator in this e
olasank [31]
If i were you, i would add one to 7x and fifteen. this gives you x^2+8x+16, a perfect square of x+4.
3 0
3 years ago
Other questions:
  • At the local grocery store, a 16-ounce bottle of apple juice costs $3.20. What is the cost of the apple juice per ounce? Please
    11·2 answers
  • A company with $60,000 in sales last year had $69,000 in sales this year. Assuming the company's sales continue to grow at the s
    10·2 answers
  • Ali runs 7 miles in 60 minutes. At the same rate, how many miles would he run in 24 minutes
    10·1 answer
  • The cost of a product has been increasing each year. The graph shows data about the product’s cost over time.
    8·2 answers
  • If 10 cows eat at much as 6 oxen how many oxen will eat as much as 15 cows ?​
    7·2 answers
  • Evaluate the limit using the appropriate properties of limits. (If an answer does not exist, enter DNE.)
    11·1 answer
  • The rate of sales for a corporation t weeks from now is given by S(t)=59t+5 millions of dollars per week. Find the average sales
    9·1 answer
  • Write the expression 8⋅ y ⋅ y ⋅ y ⋅ y using exponents.
    13·2 answers
  • A pair of numbers has a GCF of 6 and a LCM of 60. What could the numbers be? Explain.
    6·1 answer
  • In ⊙O, ST and VT are tangents. m∠STV = 22°. Find the value of a, b, and m∠SOV.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!