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BigorU [14]
3 years ago
5

Credit card A has an APR of 12.5% and an annual fee of $48, while credit card B has an APR of 15.4% and no annual fee. All else

being equal, which of these equations can be used to solve for the principal, P, the amount at which the cards offer the same deal over the course of a year? (Assume all interest is compounded monthly.)
A. P(1+0.12512)12+$48=P(1+0.15412)12
B. P(1+0.12512)12+$4812=P(1+0.15412)12
C. P(1+0.12512)12-$4812=P(1+0.15412)12
D. P(1+0.12512)12-$48=P(1+0.15412)12
Business
1 answer:
kodGreya [7K]3 years ago
3 0
The correct answer to this question is letter
"A. P(1+0.12512)12+$48=P(1+0.15412)12"

The statement, "Credit card A has an APR of 12.5% and an annual fee of $48, while credit card B has an APR of 15.4% and no annual fee."

This means that 
Credit A = 0.12512
Credit B = 0.15412

Add 1 to both Credit A and Credit B since it says "over the course of a year"
Lastly, add $48 to Credit A.
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Answer:

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Explanation:

The computation of the cost of direct material used is shown below:

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7 0
3 years ago
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

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In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
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lutik1710 [3]
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lesya [120]

Answer:

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3 0
3 years ago
50 PTS!!!!!!!!!!!!
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Hope this helps.</span>
6 0
3 years ago
Read 2 more answers
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