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miskamm [114]
3 years ago
9

Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent

and no grace period
b: store credit with an apr of 22 percent
c: personal loan with an apr of 18 percent and an application fee of $50
d: credit card with an apr of 18 percent with a grace period of twenty-five days
Business
1 answer:
LenKa [72]3 years ago
8 0

Answer:

D) credit card with an apr of 18 percent with a grace period of twenty-five days

Explanation:

Finance is based on the premise that the value of money increases as time passes, so Sadie must look for the option that charges her the lowest APR and gives her some type of grace period or longer payment schedule.

Options B and C are the most expensive ones: B has the highest APR and C charges an application fee.

Option D is better than option A because it grants a grace period, a short one, since it's basically a month. A short grace period is better than no grace period.

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An investor has at most ​$80 comma 000 to invest in government​ bonds, mutual​ funds, and money market funds. The average yields
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Answer:

  • How much should be invested in each type of investment in order to maximize the​ return?

Invest        Value Invested  

Gov Bonds   $40,000  

Mutual F   $40,000  

Market F   -    

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Market F  0,0%

TOTAL     11,0%

Explanation:

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As Mutual Funds have the higher returns, it means that it's necessary to invest as much as we can in these financial instruments.

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Read 2 more answers
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