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jeka57 [31]
3 years ago
15

Read the short scenario and answer the question that follows. ​Lisa's credit card balance this month is​ $969.16. Her APR​ (annu

al percentage​ rate) is 15.24​ %. The minimum payment due is​ $20.00. If she pays only the minimum each month and does not add any more​ charges, how long will it take her to pay off the entire​ balance?
Business
1 answer:
mario62 [17]3 years ago
5 0

Answer:

76 months

Explanation:

If Lisa only pays the $20 minimum monthly payment, it will take her 76 months to repay her debt (6 years and 4 months). She will also end up paying almost $540 in interest.

If you have a credit card it is never a good idea to pay only the minimum monthly payment since you will end up paying a lot of interest and usually other fees and charges apply.

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Clarissa wants to fund a growing perpetuity that will pay $ 12 comma 000 per year to a local​ museum, starting next year. She wa
igomit [66]

Answer:

Present Value= $240,000

Explanation:

Giving the following information:

Perpetuity= $12,000

Growing rate= 5%

Interest rate= 10​%

To calculate the present value of this perpetual annuity, we need to use the following formula:

PV= Cf/ (i - g)

Cf= cash flow

i= interest rate

g= growing rate

PV= 12,000/ (0.10 - 0.05)

PV= $240,000

4 0
4 years ago
What to argue about financial literacy​
jasenka [17]

Answer: Finance Course Prompts Debate,” argues that “the $600,000 is a low cost if the [financial literacy program] is effective. An

effective course will return that investment,” speaking in reference to the cost of the program. Courses, especially financial

literacy, greatly give back on investments made in them by using the students’ education gained from the class.

Explanation:

5 0
3 years ago
A land title search office has a staff of three, each working eight hours per day (for a total payroll cost of $480/day) and ove
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<span>Well, your costs per title have decreased from: $780/7 = $111.43 to: $1080/12 = $90 That represents a decrease in costs of almost 20%. Then. taking the change in titles processed per dollar of cost (the reciprocals of previous calculations), means that total productivity has increased by around 23.8%. Are you calculating labor productivity as including overhead? Because then the answer is 23.8%.</span>
4 0
3 years ago
Read 2 more answers
Big Panda (BP) and Little Panda (LP) live on a deserted island in the South Pacific. Their food is the warifruit which grows onl
MAXImum [283]

Answer & Explanation:

a. The game tree for this sequential-move game is as follows:

"The image is attached below"

Therefore, if Big Panda climbs the tree the cost for him will be 2kilocalories, thus his payoff will reduce by 2Kc.

Similarly, if Little Panda climbs the tree there will be cost of 0Kc for climbing the tree.

b. When the rollback equilibrium is used, then Little panda will choose not to climb the tree corresponding to Big Panda's strategy for climbing the tree.

That is the payoff will be as:

If BP climbs the tree the payoff cost will be 4Kc, 4Kc

If BP don't climbs the tree the payoff cost will be 9Kc, 1Kc

In this case Big panda will chosoe not to climb the tree.

Therefore the rollback equilibrium will be equal to 9Kc, and 1Kc.

8 0
3 years ago
When a supplier offers a lower price for a larger quantity, the buyer should: _________
Murljashka [212]

Answer:

The correct option is (c)

Explanation:

Return on investment measures the attractiveness  with respect to an investment. It evaluates the efficiency of a particular investment as compared to other investment opportunities.

It is computed by subtracting cost of investment from current value and divide the result by the cost.

In this case, buyer should estimate the return on investment in purchasing larger quantity to get discount and compare it with other investment opportunities. If it offers higher returns, then the buyer should go for this.

4 0
3 years ago
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