1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vekshin1
3 years ago
5

Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t

otal cost of her purchase if the APR on the credit card is 27.3% compounded monthly?
Business
1 answer:
Gemiola [76]3 years ago
7 0
<span>She makes the purchase for $552.86. After one month, she owes $552.86 + the interest of that month. One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58 At the end of the first month, she owes $552.86 + $12.58 = $565.44. She pays $195. Now she owes $565.44 - $195 = $370.44 After the second month, she owes $370.44 + interst of that month. One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43 At the end of the second month, she owes $370.44 + $8.43 = $378.87 She pays $195. Now she owes $378.87 - $195 = $183.87 After the third month, she owes $183.87 + interest of that month. One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18 At the end of the third month, she owes $183.87 + $4.18 = $188.05 She pays $188.05 and pays it off. The total amount she paid was $195 + $195 + $188.05 = $578.05</span>
You might be interested in
Lyman’s business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth
muminat
There are options available for Lyman :

Either he
- Sell his equity to his investors, ( which mean that he have to give away a percentage of his company)
- Or he can get some Loans

I he should consider Loans, because his annual revenues already way higher than the amount of loans that he need, he could easily paid it off
7 0
3 years ago
DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s
labwork [276]

Answer:

Correct option is B.

$278,000

Explanation:

Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary

Common Fixed Expenses = $61,750 + $46,750 + $169,500

Common Fixed Expenses = $278,000

3 0
3 years ago
Read 2 more answers
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0
3 years ago
Read the paragraph. preparation is the key to success when hiking. hikers must research weather conditions and wear appropriate
Doss [256]
The answer is <span>A. to develop the central idea of hiking preparedness</span>
7 0
3 years ago
Read 2 more answers
How is the measure of occupational prestige determined? a. Employers are asked how prestigious they believe their businesses are
Readme [11.4K]

Answer:

The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.

Explanation:

Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.

7 0
3 years ago
Other questions:
  • What happens during the adjourning stage of the five-stage group-development model? wrapping up activities assimilating a common
    10·2 answers
  • Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co
    11·1 answer
  • A type of check that has a bank's guarantee of payment is a
    12·2 answers
  • Unsystematic Risk:a. can be effectively eliminated by portfolio diversificationb. is compensated for the risk premiumc. is measu
    13·1 answer
  • Organizational change can best be defined as​ ________.
    6·1 answer
  • If the current exchange rate is 1.00 euro per dollar and the expected exchange rate at the end of the month rises to 1.20 euros
    11·1 answer
  • The factors that affect the price elasticity of supply include: Instructions: You may select more than one answer.
    12·1 answer
  • Why is it important to be informed about economic activity
    10·1 answer
  • Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha
    13·1 answer
  • A budgeting process that involves the input and negotiation of several layers of management describes the management philosophy
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!