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tester [92]
3 years ago
13

10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the compan

y. Describe at least four features of the card and where you got this information. (3-6 sentences)
Business
2 answers:
Romashka [77]3 years ago
5 0

Wells fargo platinum visa credit card from the Wells Fargo website.

0% APR for 18 months

After the 18 months, variable APR is 17.74-27.24%

Balance transfers made within 120 days qualify for the intro APR rate

No annual fee

Debora [2.8K]3 years ago
5 0

Answer:

Wells Fargo platinum visa credit card from the Wells Fargo website.

  1. 0% APR for 18 months: during the first 18 months the bank will not charge you any interest for your purchases with their credit card, although they might charge you some specific fees.
  2. After the 18 months, variable APR is 17.74-27.24%: once the initial 18 month interest free period ends, they will start charging you a variable APR which is higher than average. The average credit card APR for December 2019 was 17.3% which is a very high APR if we compare it to 2018 (around 14%).
  3. Balance transfers made within 120 days qualify for the intro APR rate: if you transfer your balance from another bank's credit card to Wells Fargo's credit card then you still qualify for the promotional APR.
  4. No annual fee: they will not charge you an annual fee, but don't feel sorry for your bank, they are charging you a steep APR which compensates this minor discount.

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Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour
sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

7 0
3 years ago
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a comp
balandron [24]

Answer:

Explanation:

The diagram and step by step solution to the answer can be seen in the attached image below

KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.

4 0
3 years ago
A borrower is seeking an FHA-insured loan. He will put the minimum 3.5% down payment and pay the upfront mortgage insurance fee
ziro4ka [17]

The APR is greater than the APOR threshold; hence, it is an example of higher priced loan.

<h3>What is APOR?</h3>

APOR  means authorized persons outside of residence and are used by government since the first lockdown in March 2020.

APOR threshold = Current APOR + 1.5%

APOR threshold = 4.672% + 1.5%

APOR threshold = 6.172%

The given APR in question is 6.474%.

In conclusion, the APR is greater than the APOR threshold; hence, it is an example of higher priced loan.

Read more about APOR

<em>brainly.com/question/13834243</em>

4 0
3 years ago
Which of the following practices would indicate that an employer is trying to overcome a moral-hazard problem with his employees
dsp73

Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts

Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.

Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.

4 0
4 years ago
The circus sold 1,000 tickets. Adult tickets cost $8.25, children's tickets cost $4.75, and a total of $6,048.50 was collected.
Andreas93 [3]

Answer:

The number of adult tickets is 371.

The number of children's tickets is 629

Explanation:

Let A be the number of adult tickets sold and C be the number of children's tickets sold. The following linear system can be modeled based on the information provided:

A+C=1,000\\8.25A+4.75C=6,048.50

Solving the linear system:

8.25A -4.75A+4.75C-4.75C=6,048.50-4,750\\A=\frac{1,298.50}{3.5}\\A=371\\C=1000-371\\C=629

The number of adult tickets is 371.

The number of children's tickets is 629.

5 0
3 years ago
Read 2 more answers
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