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soldi70 [24.7K]
3 years ago
7

You are considering two ways of financing a spring break vacation. You could put it on your credit​ card, at 15 % ​APR, compound

ed​ monthly, or borrow the money from your​ parents, who want an interest payment of 8 % every six months. Which is the lower​ rate? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)
Business
1 answer:
kykrilka [37]3 years ago
6 0

Answer:

Credit card

Explanation:

The formula for computing the APR is shown below:

= (1 + interest rate)^time period - 1

For monthly, it is

= (1 + 15% ÷ 12 months)^12 - 1

= (1 + 0.0125 )^12 -1

= 16.080000%

Now for the APR for 6 months is

= (1 + 16% ÷ 2 months)^2 -1

= 16.640000%

The rate that is given 8% is doubles i.e 16% and the computation is same as before

As we can see that credit card contain the lower rate i.e 16.08% as compare to the money borrowed from the parents

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Based on the following data, what is the cost of the land?
kifflom [539]

Answer:

cost = 214528

Explanation:

the cost of the asset includes

. purchase price

. directly attributable cost and

. certain future costs

in the given scenario

purchase price                           =  196022

direct. attributable cost :

commission cost                        =   16158

net removal cost (4993-2645)  =   2348

total cost of land                        =   214528

5 0
3 years ago
Molly, a successful real estate salesperson, took some time off to stay at home with her first child. Days turned into weeks, we
Mariana [72]

Answer:

No

Explanation:

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty).

Molly cannot simply pick up where she left off because two years after the license expires, all license rights lapse. Molly must re-qualify through the examination process before being licensed in real estate once again.

7 0
4 years ago
Positive qualities and character traits that determine how you act and perform your job refer to
nata0808 [166]
Based on my opinion, the best answer would be B.
I may not be correct but...
I hope this helps:)
6 0
4 years ago
McCarthy Industries has two sales territories-East and West. Financial information for the two territories is presented below: E
kirill [66]

Answer:

Decrease in income by $227,000

Explanation:

The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;

= -Sales + Direct cost + fixed cost - salary per year

= -$980,000 + $343,000 + ($450,000 - $40,000)

= -$980,000 + $343,000 + $410,000

= -$227,000

Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000

Decrease in income by $227,000

3 0
3 years ago
Can someone answer this question in their own words? I am interested in asking this and I want to see someone's answer to this.
Rudik [331]

Asians most likely have them because well..they just have them, no true explanation and scientists are thinking that they developed them for ancient asians in cold places like mongolia for protecting the eye, and just for the reasoning of being neighboring places, that wont really mean they will  look similar or the same. and this is just what i think, personally.

4 0
2 years ago
Read 2 more answers
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