1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The country of Ukanturk has been facing an economic downturn for two consecutive years. To revive the financial condition of the
Margaret [11]

Answer:

Fiscal policy

Explanation:

In this scenario, the government of Ukanturk is applying fiscal policies to improve overall economic performance. Two major policies are applied to move and stabilise the economy; monetary policy and fiscal policy. Monetary policy is handled by the state bank and fiscal policy is handled by the government. Taxation is a part of a fiscal decision.

8 0
3 years ago
Cybernet Systems is a​ start-up company that makes connectors for​ high-speed Internet connections. The company has budgeted
Sophie [7]

Answer:

$10,950 Unfavorable

Explanation:

For computation of flexible budget variance for total costs first we need to find out the standard cost which is shown below:-

Standard cost = (Sold connectors × budgeted variable costs) + Fixed costs per month

= (77 × $150) + $5,500

= $11,550 + $5,500

= $17,050

Flexible budget variance for total costs = Actual cost - Standard cost

= $28,000 - $17,050

= $10,950 Unfavorable

8 0
3 years ago
A decrease in the price of domestically produced industrial robots will be reflected in a. the GDP deflator but not in the consu
JulsSmile [24]

Answer:

A decrease in the price of domestically produced industrial robots will be reflected in the GDP deflator but not in the consumer price index.

<u>Explanation:</u>

Although from the outset, CPI and GDP Deflator might measure something very similar, there are a couple of key contrasts. The first is that GDP Deflator incorporates just local merchandise and nothing that is imported. This is diverse because the CPI includes anything purchased by buyers, including remote merchandise.

The subsequent contrast is that the GDP Deflator is a proportion of the costs all things considered and benefits while the CPI is a proportion of just merchandise purchased by shoppers.

6 0
2 years ago
people who enjoy working with their hands might enjoy a career as a/an A.travel agent B.teacher C.accountant D. chef?
Romashka-Z-Leto [24]
People who enjoy working with their hands might enjoy a career as a chef. The correct answer is D. Chefs are cooks, as you are well-aware, which means that they use their hands to prepare food. They are constantly using their hands while chopping vegetables, cooking, preparing dishes, so people who love using their hands as their most important tool should consider getting a job as a chef.
4 0
3 years ago
Read 2 more answers
Gains in income and wealth translate into an increased likelihood of having good health, showing a clear link between health and
a_sh-v [17]
It’s not for African Americans as a group even with higher levels of income and education.
7 0
2 years ago
Other questions:
  • What are business requirements? Group of answer choices The nonspecific methodology the system must meet to be successful. The s
    7·2 answers
  • Whispering Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An emp
    6·1 answer
  • Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, in which of these places are mon-khmer
    15·1 answer
  • The unit of measure assumption states that:
    14·1 answer
  • Meadows Manufacturing follows the accrual system. An accrual results when ____________ and a deferral results when __________.
    11·1 answer
  • If a project costs ​$100 comma 000100,000 and is expected to return ​$27 comma 00027,000 ​annually, how long does it take to rec
    14·1 answer
  • An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inven
    6·1 answer
  • Imagine you live on the planet Krypton. The loanable funds market on Krypton is thriving and life is good. However, the planet i
    10·1 answer
  • The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is cal
    12·1 answer
  • Unit price times quantity sold is ______. Multiple choice question. the break-even point total variable cost total profit total
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!