Answer
The answer and procedures of the exercise are attached in two images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: over-borrowing.
Explanation:
credit cards function like this: you can "buy" a lot of things with it, including very very expensive things. this is because instead of really buying that product, you borrow money from the bank to buy it. you then have to pay it off in slower amounts of money over time until youve paid off the original cost of the product and more because the bank will most likely charge interest.
sounds great, right?
it is, until you cant afford to pay those smaller amounts of money. then, it starts to build up and if you still cant afford to pay the bank, they will begin to liquidize your physical assets (they take your stuff as payment, really anything, even your house can be taken.)
Answer:
Expectancy theory
Explanation:
Expectancy theory - is referred to as the approach in which individual work according to the defined goal. People are motivated to act in a certain way because they believe to have expected results from the way they have selected.
It also states that desirable outcomes of any behavior hold the motivation by other people
The three main components on which Expectancy theory work are:
- Expectancy
- Instrumentality
- valence
The implicit interest based on the information given is $165.
<h3>How to calculate the interest?</h3>
It should be noted that the implicit interest is calculated as:
= Inventory worth × Discount rate
= $16500 × 1%
= $165
Therefore, the implicit interest based on the information given is $165.
Learn more about interest on:
brainly.com/question/24080432
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False they can transfer credits
