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3 years ago

What does it mean when your credit card is limited

Business

1 answer:

Helen [10]3 years ago

4 0

Answer:

Your credit limit is the maximum amount you can borrow using a credit card or line of credit.

Explanation:

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If Samatha finances the entire cost of a $700 bike at an APR of 2.95%, how much will she end up paying in total for the bike aft

12345 [234]

Based on the interest rate, the cost of the bike, and the period of payment, Samatha will pay $721.71.

<h3>What will Samatha pay?</h3>

Samatha will pay a certain amount monthly. That amount can be found as:

Loan amount = Amount x ( 1 - ( 1 + rate) ^-number of periods) / rate

Solving gives:

700 = Amount x ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%/12 months)

Amount = 700 / ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%12 months)

= $30.07

Total amount paid by Samatha:

= 30.07 x 24 months

= $721.71

Find out more on loan payments at brainly.com/question/26011426.

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2 years ago

Economists distinguish among the immediate market period, the short run, and the long run by noting that

Greeley [361]

Based on the principle of economics, the correct answer goes thus:

Economists distinguish among the immediate market period, the short run, and the long run by noting that:

Elasticity of supply will increase when the number of producers selling a product decreases.

<h3>Immediate market run</h3>

Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.

In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.

Learn more about elasticity of supply here: brainly.com/question/4467460

6 0

3 years ago

Which of these statements is true regarding women in the united states workforce?

Svetradugi [14.3K]

Both A and B, but not C.

6 0

3 years ago

2.3 explain the importance of an action plan

Olegator [25]

Answer:

Explanation:

4 0

3 years ago

Read 2 more answers

Beard Company sells a product for $15 per unit. The variable cost is $10 per unit, and fixed costs are $1,750,000. Determine (a)

den301095 [7]

Answer:

a. Contribution margin = Selling price - Variable cost per unit

Contribution margin = $15 - $10

Contribution margin = $5 per unit

Break even point in units = Fixed cost / Contribution margin

Break even point in units = $1,750,000 / $5

Break even point in units = 350,000 units

b. Required sale = Fixed cost + Target profit / Contribution margin

Required sale = $1,750,000 + $400,000 / $5

Required sale = $2,150,000 / $5

Required sale = 430,000 units

7 0

3 years ago