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3 years ago

The annual percentage rate on a credit card determines

Business

1 answer:

Digiron [165]3 years ago

6 0

My answer -

it determines how much they charge you in interest if you carry a balance. Lower is better. The percentage interest is what they charge you each month, “annual percentage rate” is what you’re paying if you keep that balance for a year. It’s slightly different because in that year, you’re also paying interest on the amount of interest (compound interest) you owe in the previous months.

Not carrying a balance means that you don’t pay interest.

p.s

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Answer:

A) whether collaboration pays for itself.

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If they are not going to win anything by working together, why should they do it?

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Explanation:

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2 years ago

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Answer: ethical dilemma

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3 years ago

Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8 years in one payment with 512% i

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The Maturity Value that Ann must pay is $89,461.

Assuming the rate of interest is compounded annually.

Given,

Principal value = $60,000 = P

Rate of interest = 5.12% = i

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Since maturity value = Amount

Now, using the formula for calculating the amount,

Amount = P × {(1+i)^T}

Now, substituting the given values in the above formula for amount we get,

Amount = $60,000 × {(1+0.0512)^8}

= $60,000 × {(1.0512)^8}

= $60,000 × 1.49101776418

= $89,461.0658

= $89,461 (Approximately)

Hence, The Maturity Value that Ann must pay is $89,461.

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2 years ago

A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 mi

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Answer:

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Explanation:

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3 years ago