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guapka [62]
3 years ago
7

many credit card companies will let you determine your interest rate when they approve for your card true or false

Business
2 answers:
SashulF [63]3 years ago
6 0

The answer to this is false because all they want is for you to use their card and then it will hurt you credit score because then you will have to pay interest rates.

So it is false

bonufazy [111]3 years ago
5 0

many credit card companies will let you determine your interest rate when they approve for your card true or<u> false</u>

are banks stupid enough to let us decide our own interest rates

plz mark as brainliest

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On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi
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Answer:

The requirement of the question is as below:

How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)  

What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)

Alan deposit on January 1 is $ 58,802.39  

Interest for four years is $21,197.61

Explanation:

The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:

PV=FV*(1+r)^-n

PV is the present value

FV is the worth of the investment in 4 years from now which is $80,000

r is the rate of return of 8%

n is the number of years of investment which is 4 years

PV=$80,000*(1+8%)^-4

PV=$80,0008(1+0.08)^-4

PV=$80,000*(1.08)^-4

PV =$ 58,802.39  

interest for four years=FV-PV

interest for four years=$80,000-$ 58,802.39  

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4 0
3 years ago
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Hey guys! please help me with this questions.
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Answer:

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2 years ago
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Answer:

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