Jerry has a credit card debt of $15,600 that he would like to reduce by applying $8,500 of his inheritance money to the balance.
In addition, he would like to modify his debt payment plan to pay off the remaining balance in 24 months rather than 60 months. His credit card has an APR of 18%. How much will these changes save Jerry in finance charges (interest)?
First we need to solve the finance charge without the changes. B = A (1 + ti) where t is the number of years, 60 months or 5years i is the interest rate per year, 18% or 0.18 A is the principal amount, %15,600 B is the amount after t years so, B =$15,600 ( 1 + 0.18 x 5 ) B = $15,600 ( 1 + 0.9 ) B= $15,600 (1.9) B= $29,640. The finance charge without the changes is $29,640(amount after 5 years) - $15,600(principal amount) = $14,040.
Applying the changes, the principal amount would be $15,600 - $8,500 = $7,100, the number of years will be 2 years (24 months)in equation B = $7,100 (1 + 0.18 x 2) B = $7,100 (1 + 0.36) B = $7,100 (1.36) B = $9,656, the finance charge with the changes is $9,656 - $7,100 = $2,556.
The changes Jerry made can save $14,040 - $2,556 = $11,484.
In the capitalism the resources of production lies with a private owner In the capitalism the society or community owns the resources of production Can u give me branliest plz ❤️
I believe the answer is: <span>castration anxiety; penis envy
According to Freud, Every children has unconscious desire to attract the figure that has the opposite with them, and often reflected in the desire to attract mothers' attention in boys and attract father's attention in girls, this concept is called oedipus complex. The masculine physical trait often seen as positive traits among the two because it makes them think that they could be the aggressor in the formation of relationship.</span><span />
The correct answer is primary emotions are universal but display rules vary greatly from culture to culture
Cross-cultural research studies have found that primary human emotions are found in all types of cultures and countries- eastern and western countries, and tribal and urban cultures. These primary emotions that are universally found are: anger, disgust, surprise, fear, happiness and sadness.
While these six primary emotions are universally found, the "display rules" of these emotions vary from culture to culture. This means that in different cultures it is more socially acceptable to display or express certain emotions over other emotions. For instance, in a particular rural culture where courage and toughness is valued, it might not be very socially acceptable to display fear, compared to another culture that lays less emphasis on courage and does not discourage the expression of fear.
