Answer: 77 months
Explanation:
Use the NPER function on Excel to find the answer.
Rate is compounded monthly so:
= 8% / 12
= 0.66667%
Payment = 5,000 per month
Present value = $0
Future value = 500,000
Value should be = 76.87 months
= 77 months
Answer:
e• Nothing.
Explanation:
If your credit card is stolen, federal law establishes a maximum liability of $50 for any purchases made before you report the loss. In this case, we are told that Jose reported the loss immediately, so there should be no time for someone else to make any illegal purchases. The credit card company should not allow any purchases after Jose notified the loss.
Answer:
14.84%
Explanation:
Effective annual return (EAR) = (1 + ( r / m) ^m -1
APR = m (( 1 + EAR) ^( 1/m) - 1)
where m = 365 since it is compounded daily
APR = 365 (( 1 + 0.16) ^( 1/365) - 1) = 14.84%
waiters and people who serve your food
Answer:
Perishability.
Explanation:
Perishability is utilized in marketing to portray the manner by which service limit can't be put away available to be purchased later on. It is a key concept of services marketing.
