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4 years ago

What is the most important factor to consider when selecting a credit card if you pay the balance every month on time

Business

2 answers:

zysi [14]4 years ago

8 0

Answer:

Annual fee ( B )

Explanation:

The most important factor to consider when selecting a credit card if you pay your balance on time which means that you have a god credit score and you should be conscious of the Annual fees charged by the issuing bank

The APR ( annual percentage rate ): this is the annual rate charged or earned for either borrowing or investing it is applicable on loans and credit card. since you have a good credit record i.e you pay your monthly balance on time you shouldn't be bothered about that

Annual fees are charged automatically because of the benefits that comes with the use of credit card and this is regardless of your credit score

Late fees are charged for late payment made on credit card

Over-the-limit fee are fees charged once a cardholder makes purchases over the balance of their credit card

guapka [62]4 years ago

4 0

The answer is B.
hope it helps

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Jobisdone [24]

Answer:

68,019.13

Explanation:

this particular question can be solved, using an approach by the annuity concept, remember that an annuity is usefull for calculating the present or future value of a series of regular payments, so in this case we are asked to calculate the future value as follows:

$s_{n} =P*\frac{(1+i)^{n}-1 }{i}$

where $s_{n}$ is the future value of the annuity, $i$ is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

$s_{6} =10,000*\frac{(1+0.05)^{6}-1 }{0.05}$

$s_{6} =68,019.13$

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Pani-rosa [81]

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Anna11 [10]

I think it's A; pure risk

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The AD&D provision in a life insurance policy would pay additional benefits if the insured

Gemiola [76]

Was killed in an accident or was dismembered.

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Scilla [17]

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3 years ago