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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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Answer:

a. the development of railroad cars that could haul cattle.

Explanation:

The abrupt end of long distance cattle drives in 1885 was primarily due to the development of railroad cars that could haul cattle.

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It was logical that as the railroads expanded to meet the cattle drive, one had to give way to the other because cattle do stray and trains could haul cattle

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3 years ago
2. How are school rules similar to state and federal laws? What woud the typical American high school be like if there were no r
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4 years ago
A firm pursuing a best-cost provider strategy A. seeks to achieve the best costs by using the best operating practices and incor
Eduardwww [97]

Answer:

The correct answer is letter "D": seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price.

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As production costs are lower, suppliers would be generating a comparative advantage.

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3 years ago
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The answer is all of the above.

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First, people seek steady returns on their holdings.

Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).

Risk is a measure of how unpredictable the return on an asset is.

Liquidity is a measure of an asset's ease of movement to be transformed into cash.

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Evaluating whether or not to go forward with the preparation of a proposal is referred to as the __________.
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