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podryga [215]
3 years ago
8

How is a line of credit similar to a credit card?

Business
2 answers:
Snowcat [4.5K]3 years ago
7 0

Answer:

answer A just did the test!

Explanation:

PolarNik [594]3 years ago
3 0
A. Interest is charged only on the amount you actually borrow
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An individual is now 50 years old, that he plans to retire in 10 years, and that he expects to live for 25 years after he retire
Nutka1998 [239]

Answer:

Ans.  He must save during each of the following 10 years, at the end of each year $32,452.

Explanation:

Hi, in order to find the amount of money that he should have in ten years so he can receive an annual payment of $65,156 for 25 more years (24 payments), we need to bring to present value all 24 payments to year 10. Let me show you the formula.

PresentValue_{10} =\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

A= $65,156

n= 24

r= 0.08

Therefore the present value in year 10 is:

PresentValue_{10} =\frac{65,156((1+0.08)^{24}-1) }{0.08(1+0.08)^{24} }=686,012

So that is our present value in year 10, or to put it in other words, our future value (if we look at it from year 0). Now we need to find the annuity (amount to save) that with account for $686,012, plus that $100,000 that he already has saved.

Every should look like this.

686,012=100,000*(1+0.08)^{10} +\frac{A((1+0.08)^{10}-1) }{0.08(1+0.08)^{10} }

And we solve this equation for "A".

686,012=A(14.4865625)+215,892

A=\frac{(686,012-215,892)}{14.4865625} =32,452

Best of luck.

5 0
3 years ago
_____ refers to a system of task and authority relationships that controls how employees use resources to achieve a company's go
cupoosta [38]
Organizational Structures. Hope this helps!
5 0
3 years ago
Read 2 more answers
What's the buying culture in your hometown? why?​
soldi70 [24.7K]

Answer:

Explanation:

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7 0
3 years ago
What low-cost labor did white planters hope to use to regain their wealth?
sdas [7]
The answer is: Plantation slaves
When the slavery is still legal, the slave owners are not bound to any form of obligations toward their slaves because technically they're the owner's private property. They often use the slaves to work for them in the plantation without giving the slaves anything in return.
7 0
3 years ago
Karin does not want her supervisor to know that the employees she is in charge of are not fulfilling their obligations, fearing
grin007 [14]

Answer:

general distortion.

Explanation:

According to the above scenario, it is correct to state that the type of message distortion is a general distortion, which occurs when a message is transmitted differently to a given receiver, in order to minimize negative situations, such as in a relationship of hierarchical work.

In the question we see that Karin distorted the facts so as not to displease her supervisor, so the general distortion is very recurrent in these situations. In order to reduce distortion, it is ideal that in power relations there is an opening for assertive and non-punitive communication, where trust and professional ethics prevail.

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3 years ago
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