Answer:
C. Pay more than the minimum amount every month.
Explanation:
Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.
What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.
Answer:
4 million houses
Explanation:
Opportunity cost is the forfeited benefit as a result of choosing one option over others. Its value equals the cost of the next best alternative.
The cost of constructing a new home is $150,000. If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.
To calculate the number of units= $600 billion divided by $150,000
= $600,000,000,000/ $150,000
=4,000,000
=4 million units
Answer:
A fire-breathing winged serpent adores crunching biscuits more than anything on earth, subsequently his name, the Muffin Dragon. An awesome anecdote about basic financial matters as it identifies with this mythical dragon and merciful yet poor people who live in a once-over mansion in the forested areas
Explanation:
Hope this Helps!
The answer is B. He wanted to do the right thing, but the situation was very confusing.
Answer:
The rate of return is 7.20%
Explanation:
a) Assuming you purchased the bond for $880, in order to calculate the rate of return you earn if you held the bond for 25 years until it matured with a value $5,000 we would have to calculate the following formula:
Rate of Return = [FV/PV]1/n - 1
Rate of Return= [$5,000 / $880]1/25 - 1 = [5.6818]0.04 - 1 = 1.0720 - 1 = 0.0720, or 7.20%
Rate of Return= [5.6818]0.04 - 1
Rate of Return= 1.0720 - 1
Rate of Return=0.0720, or 7.20%
The rate of return is 7.20%
