1. Annual percentage rate
2. Secured card
3. Cash advance
4. Balance transfer
I hope this helps!
Annual Compound Formula is:
A = P( 1 + r/n) ^nt
Where:
A is the future value of the investment
P is the principal investment
r is the annual interest rate
<span>n is the number of
interest compounded per year</span>
t is the number of years the money is invested
So for the given problem:
P = $10,000
r = 0.0396
n = 2 since it is semi-annual
t = 2 years
Solution:
A = P( 1 + r/n) ^nt
A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)
A = $10000 (1.00815834432633616)
A = $10,815.83 is the amount after two years
An enterprise system is central to individuals
and organizations of all sizes and ensures that information can be shared
across all business functions and all levels of management to support the
running and managing of a business. And large-scale
application software packages that support business processes, information
flows, reporting, and data analytics in complex organizations.
Answer:
It will take 1.97 years to payback the machine.
Explanation:
Giving the following information:
It will cost $7,500 to acquire a cotton candy cart. Cart sales are expected to be $3,800 a year for four years.
We need to determine the amount of time required to payback the machine.
Year 1= 3,800 - 7,500= -3,700
Year 2= 3,800 - 3,700= 100
3,700/3,800= 0.97
It will take 1.97 years to payback the machine.
Heyy I’m doing ok lol. How are you doing? Anyone who sees this hope you have a great day!! :)
