You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
Paying Off Debt
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
come into a $3,000 windfall. Should you payoff your debt or invest in the
booming stock market? Examine the following chart, then answer the
questions that follow.
Stocks at 12% per year
$3,000
S3.360
At Launch
Year 1
Year 5
Year 10
Credit card at 18% per year
$3,000
S3,540
$6,863
$15.701
17. At year 10, how much greater would that original S3,000 debt be?
Answers: 1
Another question on History
History, 22.06.2019 11:00
How did its location near the sea most contribute to the growth of ancient greece? a.by supplying water for irrigating crops b.by providing easy access to trade routes c.by creating a natural barrier from enemies d.by generating power for watermills
Answers: 2
History, 22.06.2019 14:30
How does the architecture of the ruins at greek zimbabwe reflect the characteristics of african civilization
Answers: 1
History, 22.06.2019 16:00
What did anti-federalists believe with regard to the constitution? a. that it would favor slaveholding states over nonslaveholding states b. that it would place too much power in a central government c. that it would put too much power into the hands of individual states d. that it would create an elite upper class that would run the country
Answers: 1
You know the right answer?
Paying Off Debt
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
Questions
Computers and Technology, 27.09.2019 04:30
Mathematics, 27.09.2019 04:40
Social Studies, 27.09.2019 04:40
Business, 27.09.2019 04:40
History, 27.09.2019 04:40
Mathematics, 27.09.2019 04:40
