Business, 01.10.2019 16:30 marithatkid

11. you have credit card debt of $25,000 that has an apr (monthly compounding) of 15%. each month you pay the minimum monthly payment only. you are required to pay only the outstanding interest. you have received an offer in the mail for an otherwise identical credit card with an apr of 12%. after considering all your alternatives, you decide to switch cards, roll over the outstanding balance on the old card into the new card, and borrow additional money as well. how much can you borrow today on the new card without changing the minimum monthly payment you will be required to pay? assumption: (i) treat the interest payments as perpetuity; (ii) your current monthly payment is the interest that accrues

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:10

Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.

Answers: 3

Answer

Business, 22.06.2019 08:10

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness

Answers: 1

Answer

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 09:40

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Answers: 3

Answer

You know the right answer?

11. you have credit card debt of $25,000 that has an apr (monthly compounding) of 15%. each month yo...

Questions