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Snezhnost [94]
3 years ago
6

You have been pricing an MP3 player in several stores. Three stores have the identical price of $500. Each store charges 24 perc

ent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that store A calculates the finance charge by using the average daily balance method, store B uses the adjusted balance method, and store C uses the previous balance method. Assume you purchased the MP3 player on May 5 and made a $100 payment on June 15.
Business
1 answer:
Alja [10]3 years ago
3 0

Answer:

Store A = $9

Store B = $8

Store C = $10

Explanation:

Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows

Store A:

Average Daily Balance Finance Charge basis = ($500 + $400) /2

Average Daily Balance Finance Charge basis = $450

Finance Charges = $450 x (24% / 12)

Finance Charges = $9

Store B:

Adjusted Balance Method Finance Charge basis = $500 - $100

Adjusted Balance Method Finance Charge basis = $400

Finance Charges = $400 x (24% / 12)

Finance Charges = $8

Store C:

Previous Balance Method Finance Charge basis = $500 - $0

Previous Balance Method Finance Charge basis = $800

Finance Charges = $500 x (24% / 12)

Finance Charges = $10

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Answer:

All requirements solved

Explanation:

Utility if you buy them online or if you can get them in Tijuana can be calculated as follows

Requirement a. Buy online  

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Y=1000-20-50=930  

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Requirement c.

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Andy Pearson ran PepsiCo Inc. for nearly 15 years, driving revenues from $1 billion to $8 billion. In 1980, Fortune named him on
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Answer:

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. The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area w
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They would need to have at least 3 computers

Explanation:

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Arrival rate = 15 persons per hour

Servicing rate = 60 / 10 = 6 persons per hour with one computer

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3 years ago
Read 2 more answers
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faltersainse [42]

Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.

We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.

Compounding means calculating amount on the principal and the amount added interest.

Rate of increasing the price of land be 6%.

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Price of land today=$46817.

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S=P*(1+r)^{n}

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From both the sides we will get n=18.

Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Learn more about compounding at brainly.com/question/2449900

#SPJ4

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