1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mumz [18]
4 years ago
15

Getting a credit card math quiz question 3 of 5: you have a balance of $4,000 on your credit card with a 12% interest rate (1% p

er month). you plan to make no new purchases with the card. you want to reduce your balance to zero over the next year. which monthly payment is most likely to accomplish this in 11 or 12 months?
Business
2 answers:
Yuliya22 [10]4 years ago
5 0
I was stuck on the same question. When I find out I’ll tell you immediately!!!
Naya [18.7K]4 years ago
4 0

Answer:

You can use an online loan calculator.

credit card balance = $4,000

APR = 12%

If you want to pay your balance in 12 months then your monthly payment should be $355.40.

If you want to pay your balance in 11 months then your monthly payment should be $385.82.

You might be interested in
Tell me about your favorite customer and how you built a relationship with them.. How did you build that connection?
Lemur [1.5K]
My favorite customer while working in banking was Mr. Smith, I built a relationship with through asking questions and uncovering needs. I’m doing so I was able to find out about his family & met them and even have been In each other lives for years now!!
7 0
3 years ago
Is the term used to describe the amount of control or influence that consumers have on a market
PtichkaEL [24]

Answer:

consumer sovereignty

4 0
3 years ago
In financial statements, the number of units shown to be sold is __________ than the number of the units produced.
AURORKA [14]
Higher or lower than.... (can be)
4 0
3 years ago
Read 2 more answers
Definition of net worth ?
Luda [366]

Answer:

Net worth is the measure of the wealth of an entity, person, or corporation, as well as sectors and countries. Simply, net worth is defined as the difference between assets and liabilities. It is an important metric to gauge a company's health and it provides a snapshot of the firm's current financial position.

8 0
4 years ago
Read 2 more answers
A high Power Distance Index score implies that the people who hold power in a country are entitled to privileges.
ladessa [460]

Answer:

a. True

Explanation:

The Power-Distance Index refers to the relationship and interaction between a high ranking individual and a low ranking individual. The index depends on how a low ranking individual reacts to a high ranking individual.

It measures the degree where the members of a  society or group accepts the hierarchy of the power and the authority.

Thus according to the high power distance index score, individuals with high power are entitled to number of privileges in a country or in society.

Hence the answer is TRUE.

8 0
3 years ago
Other questions:
  • A successful employee at Gawker media has to be able to smell a great story, uncover the facts of the story, and professionally
    13·1 answer
  • Ace Industrial Machines issued 195,000 zero coupon bonds four years ago. The bonds originally had 30 years to maturity with a yi
    9·1 answer
  • A market-penetration pricing strategy is most suitable when Answer . A) a low price slows down market growth B) production and d
    8·1 answer
  • famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by
    11·1 answer
  • Milne Technology sells 15,000 units each quarter. Its current selling price is $25 per unit and the contribution margin ratio is
    13·1 answer
  • Alpha Company provided the following data concerning its income statement: sales, $850,000; purchases, $368,000; beginning inven
    14·1 answer
  • A radio commercial begins with the following line: "Our competitors think we can't sell furniture for so little money, but we wa
    12·1 answer
  • On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
    12·1 answer
  • Daniel is organizing a business seminar. He’s writing an email to attract participants. Which sentence would make a good motivat
    5·1 answer
  • !!!!MAJOR GRADE PLEASE HELP DUE TODAY!!!!!
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!