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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 building acquired at the beginning of the year at a cost of $123,800 has an estimated residual value of $4,800 and an estimate
grigory [225]

Answer:

A. $119,000

B. 10%

C.$11,900

Explanation:

Deprecation is a method used in expensing the cost of an asset.

The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000

The straight line rate = 1/10= 0.1 = 10%

annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900

I hope my answer helps you

6 0
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Answer:

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As the opportunity cost is higher in united states of potatoes so here the united stated should be comparative advantage in generating potatoes  

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