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nalin [4]
3 years ago
8

Mary is 38 years old and many of her friends have gotten into trouble using their credit cards to buy things they can't afford.

She feels lucky that her grandmother told her that credit is dangerous and that she should always pay cash for everything. So far, Mary has never had credit in her name and even paid cash for her car. From a personal finance perspective, what advice would you give to Mary
Business
1 answer:
Yuki888 [10]3 years ago
8 0

Answer:

E. Both C and D would be good advice for Mary is the correct answer.

Explanation:

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Answer:

Explanation:

Dividends through year 1 to 5:

D1 = 2.15*(1+0.30)^1 = 2.80

D2 = 2.15*(1+0.30)^2 = 3.63

D3 = 2.15*(1+0.30)^2 * (1+0.18)^1 = 4.29

D4 = 2.15*(1+0.30)^2 * (1+0.18)^2 = 8.58

D5 = 2.15*(1+0.30)^2 * (1+0.18)^3 = 12.86

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PV (D4) = 8.58 * 0.67497 = 5.79

PV (D5) = 12.86 * 0.59208 = 7.62

Total of all PV's = 22.69

4 0
3 years ago
“jeremy, can you possibly give me a ride to the airport this sunday,” your friend ben asks. not thinking that this is a big deal
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Wrong Meds, Again! “It was horrible,” said the distraught client. “No matter how many times I provided the information, no one l
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6 0
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Interest is:
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Hey there,

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Your correct answer would be <span>a charge for the convenience of accessing money stored in your bank account.</span>
4 0
3 years ago
Read 2 more answers
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