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
What is the cost of production associated with labor? A. taxes B. profit C. rent D. wages
grin007 [14]

ANSWER:

a. taxes

~batmans wife

3 0
3 years ago
Read 2 more answers
Arrange the types of investments in the correct order from the least risky to the most risky investment.
Anarel [89]

Bonds will be the least risky since there is no risk involved at all. Bonds give out guaranteed payments and A rated bonds will be even more secure.

The next would be property. Since property is a physical asset, the risk involved is relatively lower than stocks.

The next would be retirement plans which would typically have bonds and stocks.

The most risky would be speculative stocks.

The order from least risky to most risky would be:

1. A rated bonds

2. Property

3. Retirement plans

4. Speculative stocks


3 0
3 years ago
The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make
amm1812

Answer:

start-up is the correct answer.

6 0
3 years ago
Bond Features Maturity (years) 5 Face Value = $1,000Coupon Rate = 5.00%Coupon dates (Annual) Market interest rate today 5.00%Tim
german

Answer:

it should call back the bonds as it will save $8.25

Explanation:

Bond Price can be calculated using PV function. After 3 years,

N = 2, PMT = 5% x 1000 = 50, FV = 1000, I/Y = 2%

=> Compute PV = $1,058.25

Without the call option, the bond would be worth $1,058.25. But the firm can buy those bonds at $1,050.

Hence, it should call back the bonds as it will save $8.25

5 0
3 years ago
Sammy's is a fast food chain that offers burgers, sandwiches, and shakes. It focuses its marketing efforts on all the experience
joja [24]

Answer: Marketing channel system.

Explanation:

Sammy's fast-food is focused on creating the best marketing channel system for their products consumers. Marketing channel system are the individuals and activities involved in the transfer of possession of goods from manufacturer to consumer.

7 0
3 years ago
Other questions:
  • Curling is a sport where teams slide stones on ice and attempt to hit targets. Teams consist of four players. Suppose that Bob,
    6·1 answer
  • Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose
    12·1 answer
  • Royal bank quotes a value for the japanese yen (¥) of $0.007, and a value for the canadian dollar (c$) of $0.821. the cross exch
    14·1 answer
  • Cassie is giving a speech about the rising cost of higher education. In her first main point, she talks about how high the cost
    6·1 answer
  • Intel decides to issue new stock in order to build a new facility and expand its operations. The receipt of cash from this stock
    6·1 answer
  • Bramble, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $6,600 from sales $200
    9·1 answer
  • Why do you think newspapers did not increase prices, given their financial situation?
    14·2 answers
  • Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (
    15·1 answer
  • the benefit of ________ is that complex tasks can be parceled out to specialists, improving productivity, which results in great
    11·1 answer
  • those making more than $200,000 are the primary beneficiaries of the home mortgage interest deduction.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!