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kap26 [50]
3 years ago
14

Paul has budgeted to pay $80 each month on his credit card which has a $2,818 balance and has an annual finance rate of 15.9%. H

ow many years will it take him to pay off the card?
Business
1 answer:
Mashcka [7]3 years ago
4 0

Answer:

time = 4 year

Explanation:

given data

pay each month =  $80  

Credit card balance = $2,818

annual finance rate = 15.9%

solution

we get here time period that is express by as

Monthly payment = \frac{(P \times \frac{r}{12}) \times (1+ \frac{r}{12})^t }{(1+\frac{r}{12})^t-1}     ............1

put here value and we get

80 =  \frac{(2818 \times \frac{0.159}{12}) \times (1+ \frac{0.159}{12})^t }{(1+\frac{0.159}{12})^t-1}    

solve it we get time t

t = 48 month

time = 4 year

 

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Cyclical unemployment is caused by A. frictional and structural unemployment B. frictional but not structural unemployment C. ne
erica [24]

Answer:

The correct answer is option C.

Explanation:

Cyclical unemployment can be defined as the unemployment caused by business cycles mainly because of recession in the economy.

Structural unemployment can be defined as the unemployment caused by the mismatch in the skills of the workers and the skills required for the jobs available.

Frictional unemployment is the temporary unemployment cause because of shifts in the job. When people move from one job to another it causes frictional unemployment. But it exists only for a short period.

The cyclical unemployment is caused by downturns in the business cycle, neither frictional nor structural unemployment causes cyclical unemployment.

4 0
3 years ago
A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next
aev [14]

Answer:

a-1. The present value of Plan 1 = $93.08

a-2. The deal 2 which involves paying immediately adn taking the 10% discount is better.

Explanation:

a-1.

The interest rate of 5% is taken as the discount rate to convert future cash flows into the present value.

The First payment plan with installments has a present value of,

Present Value-Plan 1 = 25 + 25/1.05 + 25/1.05² + 25/1.05³ = $93.08

a-2.

The first plan will cost $93.08 in the present value.

The second plan will involve immediate payment and a discount of 10%vwhch makes the present value of plan 2 as $90 (100 - (100*0.1)).

Thus, the second deal or deal involving immediate payment and taking the discount is better.

6 0
3 years ago
PLEASE HELP. QUESTIONS AT THE BOTTOM, TOP PART IS SOME LORE PER SAY.
deff fn [24]

Answer:

Explanation:

Question 1: Checkerz

If you're recreating the same type of biscuit/ cookie as Oreo's  then checkerz would make sense as the pattern of the biscuit ( aka black, white, black) reminds potential buyers of the classic game of checkers.

sweet'n'fusions (as the cream filling is fused between the two biscuits)

cream bites

raven munchers (as the two outer biscuits are dark like ravens)

gogo's (to get you energised and ready to go)

Question 2

- bright colours such as pink and electric blue to draw initial attention

- abnormal packaging shape such as hexagon to set it apart from other companies

- label clearly as vegan/ veg to draw more customers

Question 3

instead of having just the biscuit on its own, instead take the idea of reeces peanut butter cups but make the cup out of chocolate fudge brownie the peanut butter replaced by the Oreo

A brand extension in this case would not be a good idea considering many people associated Hydrox with cleaning supplies, many people who hear about the brand maybe put off by the subconscious thoughts of consuming cleaning products

I hope that was helpful to you and contained everything you wanted, i'll be more than happy to edit the answer if you think i left something out :)

7 0
3 years ago
A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as
Dima020 [189]
B. commercial bank is the answer.
4 0
3 years ago
Read 2 more answers
Disbursements float: A) occurs when a deposit is recorded but the funds are unavailable. B) causes the book balance to exceed th
Rudik [331]

Answer:

The correct answer is letter "E": is generally more desirable to companies than collection float.

Explanation:

Disbursement floats refer to the amount of money a company has spent but has not been discounted from its account yet. This usually happens when the company makes wire transfers to different banks or issues checks that take to clear some days.  

<em>Disbursement floats are preferred for a company compared to collection float since the latter is based on debts that the firm has not been able to pay yet while disbursement floats are just the result of unfinished transactions the company has already taken responsibility for.</em>

5 0
3 years ago
Read 2 more answers
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