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Irina18 [472]
3 years ago
7

your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is not lost, because you just received an

offer in the mail to transfer your $14,000 balance from your current credit card, which charges an annual rate of 21.8 percent, to a new credit card charging a rate of 12.4 percent. a. How much faster could you pay the loan off by making your planned monthly payments of $325 with the new card
Business
1 answer:
kobusy [5.1K]3 years ago
8 0

Answer:

If the interest rate decreases, you will be able to pay back the loan in only 58 months, which is 27 months less than with the higher interest rate.

Explanation:

I prepared an amortization schedule using the 21.8% rate, an it would take 85 months to pay of your debt completely. But if the interest rate decreases to 12.4%, it will take you only 58 months.

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Mobile phones have evolved from devices intended to place and receive phone calls into handheld multimedia communications device
Bumek [7]

Answer: creeping featurism

       

Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.

In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.

     Thus, we can conclude that the given case is an example of creeping featurism.

7 0
3 years ago
At the end of the next four years, a new machine is expected to generate net cash flows of $8,000, $12,000, $10,000, and $15,000
erik [133]
I would say alot of money
7 0
3 years ago
Which of the following statements regarding a SEP is true?
oee [108]

Answer:

All the statements are false

Explanation:

A simplified employee pension (SEP) retirement plan can be set up by an employer or by someone that is self-employed. The employer benefits from the SEP because his contributions are tax deductible. The employer's contributions to SEP individual retirement accounts is completely discretionary, they don't have to follow a fixed rate or amount. The contributions must be equally proportional to all full time employees. The main advantage of a SEP plan is that it is very simple to set up.

4 0
3 years ago
"Municipal bonds, or "munis," are bonds issued by states, counties, and cities, in addition to other public agencies such as sch
morpeh [17]

Answer:

1. True

Explanation:

  • The municipal bonds are called as Munis bonds and are issued by the local government or territory and are used to finance the public projects and include the schools, airports and seaports, and infrastructure-related repair and as of 2011, the values of these bonds is valued at 3.7 trillion dollars.
  • In general, they are used for the issuing of the municipality related services and they are characterized by taxability, interest rates, liquidity, and security.
  • <u>The primary reason why theses type of bonds are special to their tax exemptions and are subjected to an alternative minimum amount of tax as an item of preferences.</u>
6 0
2 years ago
The Khaki Corporation has the following budgeted sales data:
Simora [160]

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

                                  January      February         March            April

Cash Sales              $70,000       $90,000     $80,000       $70,000

Credit Sales         $400,000     $350,000   $300,000     $320,000

<u>Cash collections</u>:

40% sales month $160,000      $140,000    $120,000      $128,000

50% 1st month                          $200,000     $175,000      $150,000

10% 2nd month                                                $40,000       $35,000

Total collections from credit sales for April                     $313,000

Cash Sales            $70,000      $90,000       $80,000       $70,000

Total budgeted cash receipts for April =                         $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

Learn more: brainly.com/question/8707644

3 0
2 years ago
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