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3 years ago

What is a future consequence of making minimum payments each month?

Business

1 answer:

Luden [163]3 years ago

6 0

Answer:

A: a longer period in debt

Explanation:

Minimum payments are generally associated with credit card debts. A credit card allows the user to spend on credit. At the end of every month, the credit card company sends the customer a statement detailing the amount they owe. The statement shows the total outstanding amount and the minimum amount payable.

Paying the total outstanding amount clears the total credit card debt helping the customer avoid interest charges. Paying the minimum amount means the customer will have a balance carried forward to the following month, attracting interest charges.

Paying the minimum amount allows the user to continue using the credit card. There will be a balance carried forward and interest charges if only the minimum amount is paid. Due to the high-interest rates that credit cards charge, the debts increase exponentially. The cardholder will require a long time to clear the debts, which means that the interest charges and penalty amounts will be high.

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PilotLPTM [1.2K]

Answer: Market survey

Explanation:

One of the ways to determine what customers want is my doing s survey. A survey would guide you through what they want. One of the ways to do this survey to get accurate answers is through questionnaire's, questionnaire's could be sent through mobile or advert or mails, asking what exactly what the customers want, from the feedback, the owner can predict accurately.

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3 years ago

Suppose the rate of return on a 10-year T-bond is 6.90%, the expected average rate of inflation over the next 10 years is 2.0%,

yuradex [85]

Answer:

correct option is b. 4.00%

Explanation:

given data

10 Year T-bond yield = 6.90 %

Inflation = 2 %

MRP of 10 years T-bond = 0.90

to find out

Treasury Inflation Protected Securities (TIPS)

solution

we get Treasury Inflation Protected Securities yield is express as

Treasury Inflation Protected Securities yield = T bond yield - Inflation- MRP ................1

Treasury Inflation Protected Securities yield = 6.90 - 2 - 0.90

Treasury Inflation Protected Securities yield = 4 %

so correct option is b. 4.00%

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3 years ago

Principals often employ outsiderslong dashthat is, persons and businesses that are not _____long dashto perform certain tasks

Lynna [10]

Answer:

employees
independent contractors

Explanation:

Independent contractors are people that are hired to work for another person or company but not as employees and they must pay their own Social Security and Medicare taxes.

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3 years ago

Please indicate whether each item is Mostly False or Mostly True.

inn [45]

Answer:

1. I can identify the things that I do really well. True, I take feedback and suggestions from experts which lets me know I am doing my job in accordance.

2. I can match my strong points to opportunities in the job market. True, I am a hard-working person and a dedicated person when it comes to Jobs.

3. I get along well with others, even those considered difficult. True, I help the people around me fix their problems even if I have my own.

4. I understand what to do to make myself more competitive. True, I create an opponent inside my mind and emotions to feel challenged and beat my record.

5. I have limited financial resources. False, due to my hard work and experience in business I have many financial resources.

6. I realize that others have more skills in advanced technology than I do.

7. I know exactly what I want to achieve. True, I have set my goals and I can imagine how far I can get.

8. I perform better without specific deadlines. True, in order for me to have a great performance I must take my time to give it all I got.

9. I know what tasks I have to accomplish to reach my goal. True, due to all my experience, I have learned what is needed to comeplete my goal.

10. I know what measures indicate that I have achieved my goal. True.

Explanation:

I own three stores and I am willing to help anyone in the business industry.

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2 years ago

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3 years ago

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