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Vladimir79 [104]
3 years ago
5

​Lisa's credit card balance this month is​ $969.16. Her APR​ (annual percentage​ rate) is 15.24​ %. The minimum payment due is​

$20.00. If she pays only the minimum each month and does not add any more​ charges, how long will it take her to pay off the entire​ balance?
Business
1 answer:
8090 [49]3 years ago
8 0

Answer:

It will take 50 months to complete the payment on his entire balance

Explanation:

We have to solve for n in an annuity:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C  $20.00  

time n

rate (0.1524 / 12 months per year) 0.00127

PV $969.1600  

20 \times \frac{1-(1+0.00127)^{-n} }{0.00127} = 969.16\\  

(1+0.00127)^{-n}= 1-\frac{969.16\times0.00127}{20}  

(1+0.00127)^{-n}= 0.93845834


Now, we use logarithmics properties to get the answer:

[tex]-n= \frac{log0.93845834}{log(1+0.00127)  

n = 50.044991

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ycow [4]

Answer:

B. I, II, and IV only

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

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3 years ago
Which process best describes how you might prepare to apply for a job?
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C You always want to prepare

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If the government wants to minimize the deadweight loss of taxation, which of the following items are good candidates for an exc
lesantik [10]

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Explanation:

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6 0
2 years ago
Flesch corporation produces and sells two products. in the most recent month, product c90b had sales of $26,100 and variable exp
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Flesch Corporation produces and sells two products, in case if there is any shift in the sales from product Y45E to C90B, then the breakeven will also decrease, since the contribution margin for Product C90B is less than the Product Y45E.

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One advantage of using a credit card is
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Answer:

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