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emmasim [6.3K]
3 years ago
13

You owe $976.34 on a credit card that has an interest rate of 10.75% apr. you pay $100.00 at the end of each month. 3. calculate

the difference between the interest accrued by a $976.34 balance on the credit card and what $100.00 would earn in a savings account that has an interest rate of 2.75% apr over the span of one month.
Business
1 answer:
ELEN [110]3 years ago
3 0

your method was incorrect.

the correct answer is:

interest accrued per month: 976.34*10.75/100*1/12= $8.75

interest from savings account: $100 * 2.75/100 *1/12 = $.23

3.difference is: 8.75 - . 23= $8.52 (answer)

4. amount towards principal after $100 payment is ($100-$8.75)= $91.25(answer)

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Answer:

The Bid Price you should submit is $15.45

Explanation:

NPV = -795000 + 143000*(1-21%)/1.09^5-70000 + 70000/1.09^5 + ((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5)

        => -795000 + 143000*(1-21%)/1.09^5 - 70000 + 70000/1.09^5 +((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5) >=0

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Therefore, The Bid Price you should submit is $15.45

6 0
2 years ago
Which of the following is not allowed by scrum refactoring velocity tracking relaease planning hardening sprints
Igoryamba

Answer:

(B) Hardening sprints

Explanation:

Hardening Sprints are not allowed because the subject of hardening should be continuously address throughout normal Sprints.

Or if the question has the following options:

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