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lina2011 [118]
3 years ago
10

You are considering two ways of financing a spring break vacation. you could put it on your credit​ card, at 17 % ​apr, compound

ed​ monthly, or borrow the money from your​ parents, who want an interest payment of 9 % every six months. which is the lower​ rate?
Business
1 answer:
shutvik [7]3 years ago
7 0
<span>Credit card has slightly lower interest rate. Let's take a look at both interest rates for 1 year and see what costs more. First, the credit card at 17% apr compounded monthly. Each month, 17%/12 interest will be taken. The total interest over the year will be (1 + 0.17/12)^12 = 1.183891728 times the original debt. Now let's look at the loan from the parents. Over 1 year, you'll be accumulating 2 interest payments. The formula for the year will be (1 + 0.09)^2 = 1.1881 Comparing the overall rate between the credit card and the parents, the credit card is slightly lower than the parents.</span>
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psc 41 Assuming that the claim is correct - that a large vocabulary is associated to a large income - generate an alternate expl
Hitman42 [59]

Answer:

Lower-income people can have a large vocabulary as well, because of a variety of circumstances. To list a few:

The low-income person may have a job that includes a constant contact with highly-educated people.

The low-income person may himself be a well-educated person who holds a job that does not pay a lot, for example: librarian, or social worker.

The low-income person may live in an area with a great degree of demographic diversity, and even by fluent in several languages because of that. This is common in merchants, who may own a small business that only pays enough to survive, but who have a great degree of contact with many sorts of people.

5 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $540,000. In addition to the purchase price, FVI makes the followi
Dafna1 [17]

Answer:

The amount FVI should record is $ 617,200

Explanation:

The amount FVI should record as the cost of the land includes the initial purchase price ,broker's commission,title insurance ,miscellaneous closing costs as well as the cost of dismantling the old warehouse since all of these costs were incurred to bring the asset acquired to its present condition and location.

land purchase price                  $540,000

broker's commission                $34,000

title insurance                           $2,400

miscellaneous closing costs    $6,800

Cost of demolition                    $34,000

total costs                                 $617,200

7 0
3 years ago
Read 2 more answers
In its fiscal 2018 annual report, Nike, Inc. reported cash of $4,000 million at the beginning of the year. The statement of cash
gulaghasi [49]

Answer:

Option C, $5,020 million is correct

Explanation:

The below is the statement of cash flow for Nike Inc 2018:

Net cash from operating activities                                 $3,027

Net cash from investing activities                                  ($1,067)

Net cash from  financing activities                                   ($940)

Net increase in cash and cash equivalent in 2018        $1,020

Beginning Cash and cash equivalent                             $4,000'

Balance in cash account at the end of fiscal year          $5,020

The correct option then is C.$5,020 million.

Option A is wrong because it only takes into consideration net cash from operations,option B is also as it considered only the increase in cash in the year without the opening balance of cash,while option D and E are obviously irrelevant

5 0
3 years ago
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Nat2105 [25]

Answer: credit or debit cards

Explanation:

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But, these two aspects on their own only tell half the story. The success of any project relies on project management and billing working together.
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3 years ago
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