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Bess [88]
3 years ago
6

a. choose a credit card balance between $5,000 and $20,000, using a 16% APR (the current average credit card interest rate). b.

choose an estimated minimum monthly payment, greater than $200. c. how many years will it take to pay off your credit card? part 2. keeping all other factors the same, increase your monthly payment, so you are now paying more than the minimum. how many years will it take to pay off your credit card? part 3. compare the length of time it takes to pay off your credit card in part 1 and part 2. how much money do you save by paying your card off sooner? have to be in Excel format
Mathematics
1 answer:
Scrat [10]3 years ago
6 0

Answer:

344543

Step-by-step explanation:

88-3x=23y

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What are equivalent fraction to 33/48 with the numeration as 11
Vera_Pavlovna [14]

Answer:

11/16

Step-by-step explanation:

The first thing I would do is see 11 times what will get me 33

The answer is 3

Next I would ask myself 48 divided by 3 is what

The answer is 16

To double check my work I would do 3 x 11 = 33

                                                              3 x 16 = 48

5 0
3 years ago
X = y+2<br> x+4y=7 <br><br> Please help!
spayn [35]
Since x = y + 2

so
y + 2 + 4y = 7

5y + 2 = 7

5y = 7-2

5y = 5

y = 1

x= y + 2

x = (1) + 2

x = 3

(x,y) = (3,1)
7 0
3 years ago
I can travel 250 miles in 90 minutes, how far can i get in 6 hours
german

90 minutes = 1.5 hours.

Divide total miles driven by the time to find how many miles are driven in 1 hour:

250 miles / 1.5 hours = 166 2/3 miles per hour.


Multiply the miles driven in one hour by 6 hours:


166 2/3 x 6 = 1000 miles

4 0
3 years ago
Rachel is a financial investor who actively buys and sells in the securities market. Now she has a portfolio of all blue chips,
Arturiano [62]

Answer:

(a) 41300 (b) 8.10 % (c) 3.41% (at real rates)

Step-by-step explanation:

Solution

Given:

(a) The  Weights of assets in Rachel's portfolio: = amount in each stock/ sum of amounts invested in all stocks

Share Amount Weights

A 13500 0.33

B 7600 0.18

C 14700 0.36

D 5500 0.13

THE TOTAL: 41300

(b) The Geometric average return of a portfolio = ((1+R1)*(1+R2)*(1+R3)....*(1+Rn))^(1/n) - 1

Now,

R1= return of period 1 Rn= return in nth period

Thus,

The Geometric average return of Rachel's portfolio= ((1+9.7%)*(1+12.4%)*(1-5.5%)*(1+17.2%))^(1/4) - 1

= 8.10 % (approx) per year.

(c) Using nominal rate of return (including inflation):

The CAPM: Required return= Risk free return + (Risk premium * Beta)

13.6 = Rf + (4.8*1.5)

So,

Rf= 6.4% (not inflation adjusted)

The inflation adjusted rate of return: ((1+return)/(1+inflation rate))-1

= ((1+13.6%)/(1+2.7%))-1  = 10.61%

Using CAPM: 10.61= Rf + (4.8*1.5)

Therefore, Rf= 3.41% (at real rates)

8 0
4 years ago
Which equation of a line contains point (1-1) and is parallel toy = 2x + 5?​
ella [17]

Answer:

Answer is y = 2x - 3

Step-by-step explanation:

• Equation of parallel lines have the same slope. So first two equations are okay.

• For point (1, -1):

{ \rm{y = mx + c}} \\ { \rm{ - 1 = 2 + c}} \\ { \rm{c =  - 3}}

• Equation is y = 2x - 3

8 0
2 years ago
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