<span>The most important thing is to have low credit card fees. Some of them are annual fee, financial charge, late fee, over-the-rate fee..
Also low fee on balance transfers is very important and low APR (Annual percentage rate). APR can be fixed but also variable, however it depend on the amount of balance, the larger the balance, the bigger the rate.
You should also look for a reward for using their credit card.</span>
Answer:
$11,880
Explanation:
The computation of the amount that should be expected to recieve in seller is shown below:
The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%
So, the amount should be
= $6% of $198,000
= $11,880
Answer:
could have deposited less money today and still had $5.000 In four years If the account paid a higher rate of interest
Explanation:
here is the full question
Sam Just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam: Multiple Choice will earn the same amount of Interest each year for four years will earn simple interest on his savings every year for four years. could have deposited less money today and still had $5.000 In four years If the account pald a higher rate of interest. has an account currently valued at $5,000. could earn more Interest on this account if the Interest earnings were withdrawn annually.
He would not earn the same amount of interest each year due to compounding. This is also the reason the simple interest would differ from compound interest.
To determine the value today, the present value has to be determined. This would be done by discounting the future value
Answer:
B. increase the supply of its doll now before the other doll hits the market
Explanation:
Funsters Inc. should increase supply of it´s popular doll now before the doll of Toysorama company hit the market at low price. This will give first mover advantage to Funsters Inc., Which will help the company to grab market share and gain revenue from the market before other company launches its doll. Competition in the market can be handled by taking first step.
Amount invested today=P =$1,000
Annual interest rate=r =5%
Concept:
First, find the effective quarterly rate which is r/m, m=no. of quarters in a year which is equal to four.
effective quarterly rate= r/m =5/4 =1.25%
now, no. of period is equal to n=4 (reason: 4 quarter in a year for which effective rate of 1.25% used)
Now,
Investment in one year = F= 1,000(F/P, 1.25%, 4)
= 1,000(1.0509)
= $1050.9<span />
