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3 years ago

Summarize the effect of credit card interest on thermal cost of items

Business

1 answer:

Mice21 [21]3 years ago

3 0

Answer:

Interest Rates

The first factor is the most obvious: the interest rate. Naturally, a low rate will cost you less—our numbers indicate a $10,000 balance with a 5.9% interest rate will cost $10,637 in total if paid off in 2 years.

That may not sound too bad, but bear in mind that 5.9% interest is extraordinarily difficult to get these days. Even people with excellent credit scores will likely pay “double digit” interest rates of over 10%. And if you’re paying a more typical 12.9% in interest on that same $10,000, you’ll pay a total of $12,797 over the same 2 years.

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A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as indicated below. Calc

maksim [4K]

Answer:

It will take 5 years and 99 days to recover for the initial investment at a discount rate of 9%.

Explanation:

Giving the following information:

Project X t Cash Flows

0 -44,000

1 10,000

2 10,000

3 15,000

4 18,000

5 15,000

The payback period is the time required to cover for the initial investment. We need to discount each cash flow using the following formula:

PV= Cf/(1+i)^n

Year 1= 10,000/1.09= 9,174.31 - 44,000= -34,825.69

Year 2= 10,000/1.09^2= 8,416.80 - 34,825.69= -26,408.89

Year 3= 15,000/1.09^3= 11,582.75 - 26,408.89= 14,826.14

Year 4= 18,000/1.09^4= 12,751.65 - 14,826.14= - 2,074.49

Year 5= 15,000/1.09^5= 9,748.97 - 2,074.49= 7,674.48

To be more accurate:

(2,074.49/7,674.48)*365= 99

It will take 5 years and 99 days to recover for the initial investment at a discount rate of 9%.

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3 years ago

The USDA maintains ethanol has an impact on food prices. "Higher ethanol production definitely and directly raises the price of

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Answer:

new corn farmers will enter the market and decrease the market price.

Explanation:

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The market price for wallets is $20. Your technology is such that at your most efficient production point, the average total cos

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Answer:

ask the manager about the marginal cost.

Explanation:

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Marginal cost is the extra cost incurred for producing an extra unit of a product.

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Because consumers associate a drug's price with potency, some pharmaceutical companies use the _____ strategy to price their ove

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