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lidiya [134]
3 years ago
8

Helen recently received a credit card with a nominal interest rate of 21 percent. With the card, she purchased some new clothes

for $250. The minimum payment on the card is only $20 per month. If Helen makes the minimum monthly payment and makes no other charges, how long will it be before she pays off the card?
Business
1 answer:
Ludmilka [50]3 years ago
6 0

Answer:

It will take 14.2 months before Helen pays off the card.

Explanation:

PV Ordinary Annuity = C*[(1-(1+i/100)^(-n))/(i/100)]

C = Cash flow per period

i = interest rate

n = number of payments

250= 20*((1-(1+ 21/1200)^(-n*12))/(21/1200))

n(in years) = 1.19

Months = years*12 = 1.19*12 = 14.2 months

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Lyrx [107]

Answer:

0.2308 or 23.08%

Explanation:

Mean (μ) = $12.50

Standard deviation (σ) = $3.25

Assuming a normal distribution, for any given fare X, the z-score is calculated as:

z = \frac{X-\mu }{\sigma}

For X = $15.00, the z-score is:

z = \frac{15.00-12.50 }{3.25}\\ z=0.7692

A z-score of 0.7692 corresponds to the 77.91-th percentile of a normal distribution. Therefore, the probability that a fare exceeds $15.00 is:

P(X>\$15.00) = 1-0.7692 = 0.2308

The probability that a specific fare will exceed $15.00 is 0.2308.

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4 years ago
Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following
Neporo4naja [7]

The production possibility curve shows the different combination for output that can be produced from the resources and technology.

<h3>What is a PPC?</h3>

It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.

In this case, the points show how much of the goods van be produced. Point E means underutilization.

Learn more about PPC on:

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8 0
2 years ago
A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Don
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Answer:

C. $14,000

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<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>
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Describe how the ethical codes of your company support or inhibit how these individual characteristics impact employee morale an
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Explanation:

Codes of ethics are essential in every organization to be a parameter of employees' moral conduct. Through the code of ethics, the organization induces its people to take actions and behaviors that are positive for the organizational environment and the company's culture, as well as encouraging employees to act in accordance with the company's identity and moral values ​​and also from society.

In a globalized environment, work environments have become multicultural, which should be understood in the code of ethics, which when effective and aligned with organizational objectives will positively impact on motivation and organizational performance, since the organization will have the image and the positioning of a company that preserves individual values, morals and positive development practices in society.

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