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iVinArrow [24]
2 years ago
13

Credit card A offers an introductory APR of 3.4% for the first 3 months and a standard apr of 15.7% thereafter, while credit car

d B offers an introductory apr of 4.2% for the first 3 months and a standard apr of 15.5% thereafter. All else being equal which of these statements is correct?
Business
2 answers:
Liula [17]2 years ago
7 0

Incomplete question. However, I answered based on the information.

Explanation:

We can determine which Credit card is best in terms of its interest rate by comparing both rates monthly:

Credit card A

<u>APR for the First 3 months:</u>

4.1% / 360 days = 0.009% x 30 = <u>0.27% </u>per month for the first 3 months.

<u>APR for Next 9 months:</u>

15.7% / 360 days = 0.04361% x 30 = <u>1.308% </u>per month for the next 9 months.

Credit card B:

<u>APR the First 3 months</u>

4.2% / 360 days = 0.011% x 30 = 0.33% per month for the first 3 months

<u>Next 9 months:</u>

15.5% / 360 = 0.04305% x 30 = <u>1.291%</u> per month for the next 9 months

Hence, we can conclude,

  • For the first 3 months, Credit Card A is best because it offers lower interest charges.
  • For the next 9 months, Credit Card B is best because it offers lower interest charges.

jeyben [28]2 years ago
6 0

Answer:

credit card A is the better deal over the course of the first 3 months and over the course of the first year

Explanation:

AP(EX

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natta225 [31]

Answer:

Increase in assets of $8,000 and an increase in liabilities $8,000

Explanation:

The effect of the transaction is shown below with the help of the accounting equation

Liabilities + Owner equity = Assets

$8,000       + 0                        = $8,000

($10,000 - $2,000)

Therefore from the above calculation,  we can see that there is an increase in assets also there will be an increase in liabilities but no effect on stockholder equity

3 0
3 years ago
Manny has his money in a savings account earning 3 percent interest. How long will it take his money to double?
Nostrana [21]
The answer  to your question is twenty-four years
4 0
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Cam pewter is purchasing a new computer for his last year of college. he is required to purchase microsoft office for his comput
11111nata11111 [884]
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7 0
3 years ago
Personal Taxes$23 Net Private Domestic Investment33 Net Exports6 National Income278 U.S. Exports20 Gross Private Domestic Invest
Kisachek [45]

Answer:

the U.S imports are $14 billion

Explanation:

The computation of the U.S imports are as followS:

As we know that

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Therefore the last option is correct

8 0
2 years ago
One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
liubo4ka [24]

Answer:

A, to provide a hedge against inflation

Explanation:

An inventory is the goods or materials or items held by a company for sale at a future period. An inventory could also be called stock.

Inventory has its uses among which is to provide a hedge for inflation. Inventory helps to provide an hedge against inflation as it can be used to keep good or material or ites for sale at a later date in the situation of price rise.

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Note that, the goods to be kept for future resale is always bought a a lower price today.

Cheers.

3 0
3 years ago
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