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Flauer [41]
3 years ago
10

Gabe has an outstanding balance on four different credit cards. Which method of paying off his credit card debt will save him mo

ney and results in the fastest payoff of one of the debts?
Question 1 options:
1) paying the minimum balance each month

2) making fixed payments

3) snowballing his payments according to the lowest balance

4) snowballing his payments according to the highest interest rate
Mathematics
2 answers:
Firlakuza [10]3 years ago
8 0

Answer: 3

<span><span>The  method of paying off his credit card debt will save Gabe money and results in the fastest payoff of one of the debts is </span>3) snowballing his payments according to the lowest balance <span>
</span>Mathematically, it makes sense to focus on paying the debt with the highest interest rate first because this strategy minimizes<span> the amount of interest you're paying overall, which can save you a lot over time.</span></span> <span>However,  the Harvard Business review found an opposite approach and proven most effective, <span> known as the snowball method which prioritizes paying the lowest debt first regardless of interest rate.</span></span>

<span>This is done by listing out all of your debts, from the lowest to the highest amount and pay only the minimum balance on each one, except for the lowest. For the lowest, pay as much cash as possible each month until payment is completed. Then move on to the second-smallest debt and so forth.</span>

hichkok12 [17]3 years ago
8 0

Answer:

the CORRECT option is option 1) paying the minimum balance each month.

Step-by-step explanation:

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(y-4)(y^2+4y+16)
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The probability that the bulb is good is 12/15.
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3 years ago
Find the next term is in the explicit and recursive rule for the in term of the sequence. NO LINKS!!!
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9514 1404 393

Answer:

  5) 729, an=3^n, a[1]=3; a[n]=3·a[n-1]

  6) 1792, an=7(4^(n-1)), a[1]=7; a[n]=4·a[n-1]

Step-by-step explanation:

The next term of a geometric sequence is the last term multiplied by the common ratio. (This is the basis of the recursive formula.)

The Explicit Rule is ...

  a_n=a_1\cdot r^{n-1}

for first term a₁ and common ratio r.

The Recursive Rule is ...

  a[1] = a₁

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__

5. First term is a₁ = 3; common ratio is r = 9/3 = 3.

Next term: 243×3 = 729

Explicit rule: an = 3·3^(n-1) = 3^n

Recursive rule: a[1] = 3; a[n] = 3·a[n-1]

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6. First term is a₁ = 7; common ratio is r = 28/7 = 4.

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Explicit rule: an = 7·4^(n-1)

Recursive rule: a[1] = 7; a[n] = 4·a[n-1]

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Step-by-step explanation:

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2 years ago
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<u>Divide</u>

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Let's try dividing by 10 then 3!

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As you can see we still get 1/3 when we divide by 3. Even tho you have to divide twice you still get 1/3. That's all that matters.

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