Given:
Credit card balance : 650
APR: 19.85%
Minimum payment : 20
I used an online Credit card calculator to solve for the total amount that Jose will pay for his purchase and how long it would take him to pay it.
It would take Jose 4 years to pay off his stereo.
4 years x 12 mos/yr = 48 months
48 mos x 20 min. pyt = 960 total amount paid.
960 - 650 = 310.
Had Jose opted to pay in cash, he would have been able to save 310.
Accounting is like learning a language. Always remember the debits and credits must equal zero.
There are little equations you can learn that will help such as:
Assets – Liabilities = Owners’ equity
Net assets = Owners’ equity
You will need to learn the definition of each category (Assets, short term assets. long term assets, etc) however it’s not hard once you get these categories and definitions down.
Perhaps purchase “Accounting for Dummies”, it gives an overall picture. I suggest this book in the kindest way. It breaks formula’s and word definitions down. Wish it was around when I was majoring in Accounting.
Mark brainliest please
Hope this helps you
Answer:
p = 17/48 or 0.354
Step-by-step explanation:
11/16 = p + 4/12
subtract 4/12 from both sides
11/16 - 4/12 = p
convert so you have a common denominator
3(11/16) - 4(4/12)
33/48 - 16/48
= 17/48
p = 0.354
Answer:
4 + (2 x 3)^2
Step-by-step explanation:
4 + 6^2
4 + 36
40
Answer:
158
Step-by-step explanation:
Delta math