<u>Explanation:</u>
One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.
Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating
- The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)
- The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.
the correct answer in D. investment advisor
trust company is incorrect!!!!
Answer:
Cognitive therapy
Explanation:
Dylan must used Cognitive therapy which centres on present reasoning, conduct, and correspondence instead of on past encounters and is situated toward critical thinking. Cognitive therapy has been applied to an expansive scope of issues including depression, nervousness, alarm, fears, dietary issues, substance misuse, and character issues.
Answer:
$1,828,679.65
Explanation:
The computation of the present value of the perpetuity is shown below;
The Present value of the perpetuity is
But before that as on the start of the perpetuity is determined using the formula,
= Perpetuity Amount ÷ Monthly rate
= $20,000 ÷ 1%
= $2,000,000
Now
Present value today is
= Present value of perpetuity as on the start of the perpetuity ÷ (1 + Monthly rate)^Months
= $2,000,000 ÷ (1 + 1%)^9
= $2,000,000 ÷ 1.093685273
= $1,828,679.65
Answer:
Initial capital $200,000
Period 5 years
interest rate 5%
Interest year 1 $10,000.00
Interest year 2 $10,500.00
Interest year 3 $11,025.00
Interest year 4 $11,576.25
Interest year 5 $12,155.06
Future Value= $255256.31
See the image attached