Based on the amount of credit card debt that Alex has and the APR on the credit card, his minimum payment to pay off his debt in 14 months will be $335.80 per month.
<h3>How much should Alex pay?</h3>
The balance on the credit card after Alex applies some of his savings to the debt is:
= 6,590 - 2,340
= $4,250
The minimum payment can be found using a credit card calculator where you input the balance above, the APR, the payback period of 14 months.
The minimum amount is:
= $335.80 per month
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Answer:
The statement that is correct is;
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Explanation:
GDP is known as the Gross Domestic Product. The GDP is a measure of the quantity of goods and services that are produced in a country during a certain period in time. The GDP is usually expressed in monetary terms. A high GDP usually translates to high levels of production. It is often used to determine how wealthy a country is in relation to the production capabilities. To determine a change in GDP, we need to determine the Net national product as follows;
NNP=GDP-D
where;
NNP=net national product
GDP=gross domestic product
D=depreciation
In our case;
NNP=$255,000
GDP=$275,000
D=d
replacing;
255,000=275,000-d
d=275,000-255,000=20,000
The depreciation=$20,000
The 2015 sale reduced 2015 GDP by $20,000 and had no effect on the 2007 GDP.
Answer:
B. Digital Technologies
Explanation:
Digital technologies are electronic tools, systems, devices and resources that generate, store and process data. Enterprises and firms tend to use these technologies in their business in order to create new value in business models, improve customer experiences and internal abilities that support its core operations.
Many young firms when competing with incumbent firms usually adopt these digital technologies quickly in order to make their products and services more attractive to customers by providing personalized services and greater attention to details that most of those incumbent firms that haven't adopted the technologies don't do.
Answer:
he percentage increase in purchasing power that the lender receives on a loan.
Explanation:
Interest rate is the rate earned on deposits or the rate charged on loans.
Interest rate could be real or nominal
Nominal interest rate is real interest rate plus inflation rate
Real interest rate is interest rate that has been adjusted for inflation
The higher the real interest rate, the higher the increase in purchasing power of the lender
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Answer:
each policy will pay $25,000 of the loss
Explanation:
Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.
