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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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Answer:

About 90 minutes

Explanation:

Three-credit course shall mean a three hour class each week. Three hours =  \times 60 minutes = 180 minutes.

Since it is provided that there will be two classes each week, the duration of each class shall be = \frac{180}{2} = 90 minutes.

With this the three-credit course condition shall be fulfilled.

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3 years ago
ABC Systems located in Alabama expects a 9% after-tax rate of return on an equipment investment. The state tax rate is 6%. If th
Molodets [167]

Answer: 14.5%

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The after tax return is calculated by the formula:

= Before tax return * (1 - federal tax) * (1 - State tax)

As we have the after tax return, we should work on the before tax:

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9% = Before tax return * 0.6204

Before tax return = 9% / 0.6204

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C: Prices and output would rise, and the equilibrium will change

Explanation:

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