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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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The aggregate supply curve normally a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope
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Answer:

The answer is: D) slopes upward to the right due to short-run fixed costs of production.

Explanation:

In the short run, companies have fixed factors of production: prices, wages, and capital. In the short run, aggregate supply curve shows the correlation between the price level and output (normal supply curve). Only in case of a production increase due to technological improvements or other factors (decreasing input prices, etc), may the aggregate supply curve shift outward.

7 0
3 years ago
A(n) _______ is a person who engages in leadership activities but whose right to do so has not been formally recognized.
alexdok [17]

Answer:

The correct answer is letter "C": informal leader.

Explanation:

Informal leaders are individuals to whom people put their trust on because they provoke a strong influence within a group or because others see that individuals as examples to follow. However, informal leaders are not officially recognized. Most formalized leaders begin naturally being informal leaders until the collective will of subordinates place them in the position of power.

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3 years ago
Which of the following should be considered when deciding on a loan?
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The answer is d all of the abovten
6 0
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A receipt showing that an investor has made an interest-bearing loan to a bank is a.
Zigmanuir [339]

Certificates of Deposit are documentation indicating an investor has given a bank an interest-bearing loan. The money market instrument known as a "certificate of deposit" is one that banks and other similar financial organisations issue to raise capital on the secondary market.

A certificate of deposit is documentation indicating an investor has lent money to a bank, the government, a corporation, or another bond issuer at interest. A certificate of deposit is documentation indicating an investor has lent money to a bank, the government, a corporation, or another bond issuer at interest.

A savings account known as a certificate of deposit (CD) holds a fixed sum of money for a predetermined length of time, such as six months, a year, or five years. One of the most crucial factors is the certificate of deposit's maturity period.

To know more about certificate of deposit, click here:-

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4 0
1 year ago
The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,
jeka57 [31]

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

 -  What goods and services should be produced?

 -  How should these goods and services be produced?

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Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

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