The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.
<h3>What is grace period?</h3>
A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.
A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.
Thus, grace period is the period between the posting date and due date.
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A ''contract'' is a legally-binding agreement between two or more parties.
Let's use the formula for compounding interest.
F = P(1+i)^n
where
P is the present worth
i is the interest
n is the number of years
F is the future worth or future value
Substituting the values,
P = 700; i = 0.04; n = 10
F = 700 (1+0.04)^10
F = 1,036.71
Hence, after 10 years, the future value would be 1,036.71.
Answer:
D. With brown, dark blue, or purple and slow moving symphonic or crooner music to entice folks to stay and order more.
Explanation:
The correct option is - D. With brown, dark blue, or purple and slow moving symphonic or crooner music to entice folks to stay and order more.
