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ANEK [815]
3 years ago
14

Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month an

d the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

47 months

Explanation:

This can be calculated using a financial calculator :

I = 18% / 12 = 1.50%

PV = -5000

PMT = 150

FV = 0

N = 47 months

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A(n) ________ group is created to do something productive for the organization and is headed by a leader. for example, this grou
ZanzabumX [31]

The answer is formal group. A formal group is a cluster or group of individuals, who decided to work together to achieve and reach a specific goals. Formal groups are made of individuals committed to fulfill tasks. According to the given example, this group is created to produce and develop a new series of skincare products specifically for the individuals over the old age of sixty (60), the example states that the group is created to develop a new-line of skincare products, so it is to be considered that the group being referred to is the formal group, it has indicated that there is a specific goal that is set for different individuals to come together and fulfill a specific goal.

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3 years ago
Erin collides her 940-kg Mazda Miata into the rear of a 2460-kg pick-up truck which was at rest at the light on Lake Avenue. The
BigorU [14]

Answer:

3.46 m/s

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This is actually a Physics question and not a Business question.

According to the property of conservation of momentum, the speed of the Mazda before the collision multiplied by the mass of the Mazda must equal the speed after the collision multiplied by the mass of both cars:

m_1v_1=(m_1+m_2)*v_2\\940*12.5=(940+2460)*v_2\\v_2= 3.46\ m/s

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4 0
3 years ago
Autocratic leadership is likely to be effective when: subordinates are highly trained professionals. the organization faces an e
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When the organization faces an emergency situation.

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3 years ago
SummerSnowman Industries' last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, aft
matrenka [14]

Answer:

$33.50

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we can use the perpetual growth model to determine the price of the stock

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the stock price in 3 years = ($1.25 x 1.15³ x 1.06)/(11% - 6%) = $40.30

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4 0
3 years ago
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