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STALIN [3.7K]
3 years ago
8

Name at least one advantage of credit cards.

Mathematics
2 answers:
finlep [7]3 years ago
6 0
⇒Buy now, pay later
⇒Flexibility to make purchases anytime and anywhere
⇒Online purchases
⇒Cash, travel, and gift rewards


vaieri [72.5K]3 years ago
3 0
You are able to pay expensive dues forward, such as houses, cars, and other payments that you wouldn't be able to pay in full on the spot.
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Pepsi [2]
12*6 = 72 - (3*4) = 60 - (4*5) = 40
3 0
3 years ago
Read 2 more answers
A restaurant manager has the option of a 30-year loan of $417,000 at an annual interest rate of 3.85% or the same interest rate
victus00 [196]

a) The monthly payment for each loan is as follows:

30-year $1,954.93

15-year $3,053.25

b) The savings in interest by using the 15-year loan is <u>$154,189,20</u> ($286,774.20 - $132,585).

c) No. the monthly payment for the 15-year loan is <u>not twice</u> that of the 30-year loan as the loan term.

d) The interest savings for the 15-year loan are <u>more</u> than one-half of the interest paid on the 30-year loan.

<h3>How are the calculations for periodic payments done?</h3>

The calculations for the monthly payments, including interests can be carried out using an online finance calculator, as follows:

<h3>30-year Loan:</h3>

N (# of periods) = 360 months (12 x 30 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $1,954.93

Sum of all periodic payments = $703,774.80 ($1,954.93 x 360)

Total Interest = $286,774.20 ($703,774.80 - $417,000)

<h3>15-year Loan:</h3>

N (# of periods) = 180 months (12 x 15 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $3,053.25

Sum of all periodic payments = $549,585 ($3,053.25 x 180)

Total Interest = $132,585 ($549,585 - $417,000)

Learn more about periodic payments at brainly.com/question/13098072

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1 year ago
Which statements about the function described by the table is true
puteri [66]

Answer: Can you give more detail

Step-by-step explanation:

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3 years ago
the catalogue price of an article is rs.50000 and a manufacturer sells it to the distributor at a discount of 20% of the catalog
timofeeve [1]

Answer:

A. what is the profit made by the retailer if he sells the article to the customer at the catalogue price?

10000

B.What profit is made by the manufacturer if the catalogue price is 50% above the manufacturing price?

25000

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2 years ago
1.2.4 journal:Algebraic Properties and expressions
pishuonlain [190]

Answer: https://www.coursehero.com/file/36434863/math-124docx/

<u><em>Step-by-step explanation:  In this WEB you will research for your answer you just need to Signed up i think so </em></u>

<u><em>( you need to copie this web on google )</em></u>

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