Answer: over-borrowing.
Explanation:
credit cards function like this: you can "buy" a lot of things with it, including very very expensive things. this is because instead of really buying that product, you borrow money from the bank to buy it. you then have to pay it off in slower amounts of money over time until youve paid off the original cost of the product and more because the bank will most likely charge interest.
sounds great, right?
it is, until you cant afford to pay those smaller amounts of money. then, it starts to build up and if you still cant afford to pay the bank, they will begin to liquidize your physical assets (they take your stuff as payment, really anything, even your house can be taken.)
Answer : Premium Pricing.
Companies manufacturing or selling designer apparel, custom jewellery or exclusive paintings usually have a unique brand. These companies usually have their own signature brands that have a big competitive advantage. Hence they charge higher prices.
Answer: 6.40%
Explanation:
Use Excel to calculate this by the formula;
= RATE(Nper,Pmt,-Pv,Fv)
Nper is number of periods = 20 * 2 = 40 semi annual periods
Pmt is the payment = $6%/2 * 1,000 = $30
Pv is the present value = $955
Fv is future value or face value = $1,000
= RATE (40,60,-955,1000)
= 3.20% * 2 (because this is a semi annual rate)
= 6.40%
Ngl I definitely think this is true :) if not then FRICKKKK I’m sooo sorry for getting it wrong
Let say A,B&C and the ratio is 3:5:12
3+5+12=20
250000divide by 20 = 12500
12500x3=37500
12500x5=62500
12500x12=150000
So A invested 37500
B invested 62500
C invested 150000
