1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Studentka2010 [4]
3 years ago
6

You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15% APR, compounded

monthly, or borrow the money from your parents, who want an 8% interest payment every six months. Which is the lower rate
Business
1 answer:
Bess [88]3 years ago
8 0

Answer:

The lower rate is when you put it into your credit card.

Explanation:

Credit card: rate = (1 + 15%/12)^12 - 1

EAR = 16.08%

Parents loan = ( 1 + 8%)^2 - 1

EAR parents = 16.64%

Therefore, The lower rate is when you put it into your credit card.

You might be interested in
The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
aliina [53]

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a <em>"Program Evaluation and Reviews Techniques"</em> or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

4 0
3 years ago
Suppose that the bankruptcy law firm had previously loaned $20,000 to Henry Anderson. The law firm filed a financing statement s
pantera1 [17]

Answer: This loan would would have priority over the other unsecured claims in this bankruptcy case.

Explanation:

Since the trucks are secured collateral the loan is a secure loan. It will be the priority in the bankruptcy case since the other claims were unsecured. The law firm would have a right to the trucks since he owed them 20,000$ and put them up as collateral.

Everything that was an unsecured loan does not have anything to take from and will be a loss for the other companies who filed against Henry Anderson.

8 0
3 years ago
What is pure competition?
liubo4ka [24]
It is the third one
5 0
3 years ago
Read 2 more answers
An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room
m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

6 0
2 years ago
Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real est
Wittaler [7]

Answer:

The correct answer is C

Explanation:

The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.

For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).

So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.

3 0
3 years ago
Other questions:
  • Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clos
    14·1 answer
  • A firm based in a country with a national competitive advantage is not guaranteed success as it implements its chosen internatio
    13·1 answer
  • Bill Buckely has​ split-limit 50​/100​/20 automobile liability insurance on his 2012 Subaru. Driving home from work in a​ snowst
    5·1 answer
  • The City of Grand Marais' fiscal year ends on June 30. Grand Marais uses encumbrance accounting. On May 6, a purchase order was
    6·1 answer
  • Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your answers to
    9·1 answer
  • You go on vacation to Mexico and take $1,000 with you. During your time in Mexico, the peso appreciates in value relative to the
    14·2 answers
  • The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inve
    11·1 answer
  • The following information relates to Purcaro, Inc. (Be careful of order of the columns): For the Year Ended December 31, 2018 20
    7·1 answer
  • A new machine costing $1,800,000 cash and estimated to have a $60,000 salvage value was purchased on January 1. The machine is e
    9·1 answer
  • Calculate the federal government's share of total output in 1993, 2003, and 2013.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!