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lesya692 [45]
3 years ago
13

You have just entered an MPP program and have decided to pay for your living expenses using a credit card that has no minimum mo

nthly payment so you will not be making any payment while you pursue your education. You intend to charge $1500 per month on the card for the next 21 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 22 months from now, when you receive your first statement post-graduation
Business
1 answer:
frez [133]3 years ago
4 0

Answer:

$35,207.37

Explanation:

Future value = Monthly payment * [ [(1 + r)^n – 1 ] / r ] * (1 + r)

Future value = $1500 * [ [(1 +0.01)^21 - 1] / 0.01 ] * 1 + 0.01

Future value = $1500 * [[1.01^21 - 1] / 0.01] * 1.01

Future value = $1500 * [[1.23239194035 - 1] / 0.01] * 1.01

Future value = $1500 * [0.23239194035/0.01] * 1.01

Future value = $1500 * 23.23919 * 1.01

Future value = $35207.37285

Future value = $35,207.37

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prorate jan1-aug12=222days

222x4.84=$1,074

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3 years ago
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies
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Answer:

This implies or states to low openness to experience

Explanation:

Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.

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3 years ago
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Explanation:

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4 0
3 years ago
A particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg. if that land is converted to producing c
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The computation shows that the amount that will be made will be $420.

<h3>How to compute the value?</h3>

From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.

It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.

The amount made will be:

= 700 × 4 × 0.15

= 700 × 0.6

= $420

Learn more about computations on:

brainly.com/question/4658834

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3 0
1 year ago
A lot of points give away
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(a)A

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