1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgen [1.6K]
3 years ago
8

This credit account carries a temporary low introductory rate (teaser rate) of_________%. This teaser APR applies to purchases m

ade within the first________months that the account is open. After this introductory period, the APR for purchases reverts to a higher variable APR. This regular APR for purchases is calculated by__________% to the U.S. prime rate (assumed to be 4% in the disclosure). Therefore, if the U.S. prime rate remains at 4%, then the regular APR for purchases is______%
Business
1 answer:
GuDViN [60]3 years ago
4 0

Answer:

Introductory rate is 1.99%

After first 6 months.

APR for purchase is 8.99%

Regular APR for purchases is 12.99%

Explanation:

This is required by law in U.S. for the credit card rates. The APR introductory rate for the purchases is 1.99%. This rate is then adjusted with the U.S. prime rate and it becomes 8.99% after first 6 months. The rate is then adjusted with the further 4% U.S. prime rate. The regular APR for the purchases is 12.99%.

You might be interested in
You are bullish on Telecom stock. The current market price is $50 per share, and you have $5,000 of your own to invest. You borr
Olenka [21]

Answer:

12%

Explanation:

Initial investment =$5,000.00

Value of stock with 10%=$10,000*(1+10%)=$11,000

The amount repayable to the broker after one year is the amount borrowed plus interest of 8%

Amount borrowed plus interest= $5,000+( $5,000 *8%)

Amount borrowed plus interest=$5,400

Rate of return=(Value of stock with 10%-Amount borrowed plus interest-equity fund)/amount borrowed

Rate of return=($11,000-$5,400-$5000)/$5,000=12%

6 0
3 years ago
Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball c
Aleks [24]

Answer:

Juan should increase his consumption of candy and decrease his consumption of baseball cards.

Explanation:

Given that

The baseball cards marginal  utility is 20

And the candy marginal utility is 10.

Now If the baseball cards price is $10,

and the candy price is $2

So if we divide the marginal utility with the price so it will come 2 for baseball card and 5 for candy so the consumption of the candy should be increased while on the other hand the consumption of the baseball card should be decreased

7 0
3 years ago
The beta of elsenore, inc., stock is 1.6, whereas the risk-free rate of return is 8 percent. if the expected return on the marke
Jlenok [28]

As per the CAPM, the investors of elsenore should expect a return of = rf + beta*(rm-rf)

The investors of elsenore should expect a return of = 8+1.6*(15-8) =19.2%

3 0
3 years ago
Sandra is hired by a sparkling water manufacturer. Her primary function at the company is transforming resources into goods and
marshall27 [118]

Sandra is involved in production.

Production can be described as the process of transforming or converting resources into goods and services.

In any organization, the depart that is in charge of production is the production or operation department.

Therefore, Sandra is involved in production.

The reason is that the transformation of resources into goods and services is her key job role at the company.

Learn more here: brainly.com/question/1462114.

4 0
2 years ago
What percentage of federal revenues is made up of corporate taxes
Rudik [331]

Answer:about 10 percent

Explanation:

6 0
4 years ago
Other questions:
  • Kathy has taken a job with her ideal company and is excited to start in their sales department. Kathy is going to be spending so
    8·1 answer
  • How do your finance choices impact the economy? Trace the impact of your financial decision.
    12·1 answer
  • More often than​ not, policymakers find it useful to employ monetary and fiscal policies in
    7·1 answer
  • Which of the following is NOT one of the major factors that is credited for contributing to the rise of advertising?
    7·1 answer
  • Suppose a manufacturing plant is considering three options for expansion. The first one is to expand into a new plant (large), t
    11·2 answers
  • I really need help I don't know how to do this its Accounting II
    6·2 answers
  • Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of oper
    8·1 answer
  • The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is th
    9·1 answer
  • Ryan has written some kpis to help his fitness centres achieve the business goal of "improving overall client satisfaction". Rev
    14·1 answer
  • which of the following is omitted in a barter transaction?a) tradeb) medium of exchangec) store of valued) money
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!