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3 years ago

Why is it important to compare the APR for credit cards?

2 answers:

4 0

It is important to find the lowest interest rate. With credit cards, interest rate and APR can be used interchangeably, since there are typically no fees other than interest that are charged for borrowing money on a credit card.

EastWind [94]3 years ago

4 0

The correct answer is B. To find the lowest interest rate

Explanation:

In finance, the Annual Percentage Rate or APR refers to the rate you are charged annually for "borrowing" money every time you pay for a service or product using credit. This rate is relevant for users of credit cards because the highest the APR the more money it cost to have a credit card and use it to pay for products and services. Due to this before getting a credit card it is important to compare the APR of different credit cards and in this way select the one that has the lowest interest rate.

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he hedge ratio of an at-the-money call option on IBM is 0.35. The hedge ratio of an at-the-money put option is -0.65. What is th

Kazeer [188]

Answer:

- 0.30

Explanation:

Given the following :

Hedge ratio of an at-the-money call option on IBM = 0.35

Hedge ratio of an at-the-money put option = - 0.65

Hedge ratio of an at-the-money straddle =?

Hedge ratio of an at-the-money straddle is given by :

(Hedge ratio of an at-the-money call option + Hedge ratio of an at-the-money put option)

Hedge ratio of an at-the-money straddle :

(0.35 + (-0.65))

= (0.35 - 0.65)

= - 0.30

5 0

3 years ago

A company manufactures a product using machine cells. Each cell has a design capacity of 250 units per day and an effective capa

Blababa [14]

Answer:

1.90

Explanation:

Calculation for how many cells that the company require to satisfy predicted demand

Using this formula

Numbers of cell=Projected annual demand/Annual capacity per cell

Based on the information given we were told that Annual demand is 50,000 units in which it is forecasted that within 2 years it will tripple which means that Annual demand will be calculated as:

Projected annual demand = 50,000*2 years

Projected annual demand=100,000

Let plug in the formula

Numbers of cell=100,000÷(220 units/day × 238 days/year)

Numbers of cell=100,000÷52,360

Numbers of cell=1.90

Therefore the amount of cells that the company require to satisfy predicted demand will be 1.90

6 0

3 years ago

Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an

alexdok [17]

Answer:

B. $1,639

Explanation:

To do arbitraje we will ask at Bank A for $0.305

and then bid in Bank B at $0.306

As the transactions has no cost we are doing a profit by using the exchange as they allowed. Doing this procedure will at some point eliminate the difference in exchange rate for these bank as the purchase will rise the ask rate for Bank A and the sale will decrease the bid rate.

$500,000 \times \frac{0.306}{0.305}$

Total: 501639,3442622951

The profit will be for: 501,639.34 - 500,000 = 1,639.34

7 0

3 years ago

Gross pay minus deductions is known as take home pay. True False

IceJOKER [234]

Gross pay minus deductions. Also called take-home pay. A special checking account used to pay a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, deductions, and net pay for each employee.

Hopes this information helps

6 0

3 years ago

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item

Mila [183]

Answer:

Explanation:

Using Formula

Cost + (Cost*Margin) = Selling Price

Cost is not known...

Cost (1 + Margin) = Selling Price

Cost = Selling Price / 1 + Margin

Here, Margin is 0.45 of cost and selling price is 46.4

Cost = 44.4 / 1.45

Cost = 32

4 0

3 years ago