Answer:
The right solution is "70375.08".
Explanation:
Given that,
Present value,
= 4360
Interest rate,
= 5%
Time period,
= 30
Now,
The present value of inflows will be:
= ![(1+rate)\times \frac{Present \ value[1-(1+Interest \ rate)^{-time \ period}]}{rate}](https://tex.z-dn.net/?f=%281%2Brate%29%5Ctimes%20%5Cfrac%7BPresent%20%5C%20value%5B1-%281%2BInterest%20%5C%20rate%29%5E%7B-time%20%5C%20period%7D%5D%7D%7Brate%7D)
= ![1.05\times 4360\times \frac{[1-(1.05)^{-30}]}{0.05}](https://tex.z-dn.net/?f=1.05%5Ctimes%204360%5Ctimes%20%5Cfrac%7B%5B1-%281.05%29%5E%7B-30%7D%5D%7D%7B0.05%7D)
= 
= 
Skill development, more opportunities
Answer:
The answer is C) 1.25
Explanation:
Operating Leverage= (operating income + fixed expenses) / operating income
Operating Leverage= ($7,200 + $1,800) / $7,200= 1.25
It needs to be an equivalent number to an equator and then times it and multiply the answer
Complete question:
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.
What is Bradley's minimum payment?
A) $158
B) $189
C) $270
D) $1,890
Answer:
Bradley's minimum payment is (C) $270.
<h3>What is the percentage?</h3>
- A percentage is a fraction of a whole expressed as a number between 0 and 100.
- Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
- To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>
Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.
So, to find the minimum payment find 3% of $9000.
3% of $9,000 = $270.
Therefore, Bradley's minimum payment is (C) $270.
Know more about percentages here:
brainly.com/question/24304697
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