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natita [175]
3 years ago
5

A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.

Business
1 answer:
Lady bird [3.3K]3 years ago
3 0

Answer:

This is due to compound interest on the credit card bills.

Explanation:

Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.

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Explain demand of money​
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In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.

Explanation:

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3 years ago
Nikita wants to apply for student aid to fund her college education. Arrange the steps involved in Nikita’s application for fina
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Identify and explain two characteristics of the packaging of the chocolate bars​
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5 0
3 years ago
When the environment becomes more turbulent and unpredictable: a. External consultants need to play a greater role in strategy m
topjm [15]

Answer:

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Explanation:

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3 years ago
Tony is most nervous about doing a good job delivering the information that he has, so his concerns relate to the
Leviafan [203]

Answer:

A. Message element of the communication model

Explanation:

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The information is the message Tony wants to pass. So his nervousness is about delivering the message well.

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