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ozzi
3 years ago
11

In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest

rate (i) the same will __________.
a.
reduce the monthly payment (P)
b.
increase the monthly payment (P)
c.
eliminate the monthly payment (P)
d.
have no effect on the monthly payment (P)
Business
1 answer:
NARA [144]3 years ago
6 0
In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest rate (i) the same will increase the monthly payment (P).

Debt results once<span> a </span>shopper<span> of a </span>MasterCard<span> company purchases </span>an<span> item or service through </span>the card<span> system. The late payment penalty itself </span>will increase the number<span> of debt </span>the buyer<span> has.</span>
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Pete's Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane ac
levacccp [35]

Answer:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

Send many troops in to free the hostages at any cost.

Explanation:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

Send many troops in to free the hostages at any cost.

5 0
3 years ago
3) Two countries, the US and England, produce only one good, wheat. Suppose the price of wheat is $3.25 per pound in the US, and
Tcecarenko [31]

Answer:

$2.4074/pound

Explanation:

The law of one price states that the same good in two different countries must be sold for the same amount of money, which means that the $/pound spot rate must ensure that wheat costs the same on both countries.

Therefore, the spot rate 'r' is:

\pounds 1.35*r=\$ 3.25\\r= \frac{\$ 3.25}{\pounds 1.35}\\r=2.4074 \frac{\$}{\pounds}\\

The spot rate should be $2.4074/pound.

8 0
3 years ago
A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the com
Leto [7]

Answer:

The correct answer is $4.14 millions

Explanation:

The term profit margin represents what percentage of sales has turned into profits.

For example:

if the company reports that it achieved a 10% profit margin, it means that it had a net income of $0.10 for each dollar of sales generated.

"A company is a victim of a $414 million fraud"

$414 million x 10%= $4.14 millions

$4.14 million in additional revenue should the company generate in order to recover the effect on net income.

4 0
3 years ago
Budgets are created to be used on a short-term basis. Which of the following is true about budgets?
leonid [27]

Answer:

they encompass the entire organisation

6 0
2 years ago
Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $16
mr Goodwill [35]

Answer: $37000

Explanation:

Sharon's basis in the partnership interest after the formation transaction is calculated below:

Adjusted basis of property to Sharon = $100,000

Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000

Then, Sharon's basis in the partnership interest after the formation transaction will be:

= $100000 - $63000

= $37000

7 0
3 years ago
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