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yuradex [85]
3 years ago
14

What are the benefits of using a credit card? What are the drawbacks of using a credit card?

Business
2 answers:
Anon25 [30]3 years ago
6 0
Benefits: You do not have to carry large amounts of cash with you


drawbacks: You have to pay interest rates
it is technically a loan


hope this helps
Usimov [2.4K]3 years ago
4 0
The benefits is that you don't have to carry too much money with you is pretty simple you just swipe your card everywhere you go and is more safer that money. is somebody steals you card you call immediately and tell them to cancel your account.    Drawbacks: is that if you don't have enough money on your back account and for example you go to a store and buy something more expensive thatn what you have in you account. that's called overdraft and you will be charge extra money for borrowing the banks money.
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​Joe's starting salary as a mechanical engineer is around ​$100 comma 000. Joe is planning to place a total of 13​% of his salar
Maru [420]

Answer:

$ 2,209,797.96

Explanation:

Given:

Salary = $100,000

Salary investment rate = 13%

Salary increase rate(g) = 5%

number of year = 25

Annual rate of return(i) = 11%

Calculation:

Salary invested = $100,000*13% = $13,000

calculation of present worth

P=A[\frac{1-(1+g)^n(1+i)^{-n}}{i-g}] \\P=13000[\frac{1-(1+0.05)^{25}(1+0.11)^{-25}}{0.11-0.05}] \\P=13000[\frac{1-(1.05)^{25}(1.11)^{-25}}{0.06}] \\P=13000[\frac{1-(3.386354)(0.073608086)}{0.06}]\\\\P=13000[\frac{1-0.249263}{0.06}]\\\\ P=13000[12.5122827]\\\\\\P= 162,659.675

Future worth = P(1+i)^n\\                       = 162,659.675(1+0.11)^{25}\\                       = 2,209,797.96

3 0
3 years ago
A house is sold for $105,500 and the commission rate is 6 percent. If the commission is split 60/40 between the selling broker a
laila [671]

Answer: The answer is $ 1266.

Explanation: If the commission rate is 6%

The commission is = 105500. 0.06 = 6330

40% is for the listing broker = 6330. 0.4 = 2532

And half is for his salesperson = 2532/2 = 1266.

The listing salesperson receive from this sale $ 1266.

3 0
2 years ago
_______ are combating competitive pressures by increasing the amount of exclusive and private label merchandise, strengthening c
notka56 [123]

Answer: B: Department stores

Explanation: Department stores, like most retailers, are experiencing greater competition and need to take extra steps to compete.

8 0
2 years ago
Suppose a perfectly competitive firm produces 40 units of output per-period (e.g., daily) and sells all units for the market pri
Komok [63]
The correct answer for the question that is being presented above is this one: "F. i and iii" Then the firm is maximizing total profit by producing and selling 40 units of output and <span>earns a per-period total profit of $240 </span>

Here are the choices:
A. i
B. ii
C. iii
D. iv
E. i and ii
F. i and iii
5 0
3 years ago
When making investments, your primary motivation should be:
hichkok12 [17]
Is the simple desire to help one another
5 0
2 years ago
Read 2 more answers
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