Business, 06.12.2019 19:31, mlstogsdill05
Acredit card has an annual interest rate of 20,99%, and interest charged is calculated at the end of the billing cycle. the minimum payment on the credit card is the greater of $20 or 2% of the unpaid balance. at the beginning of a 30-day billing cycle, the unpaid balance was $950 and purchase of $57, $75 and $113 were made respectively on days 12, 15 and 24. moreover, a purchase of $550 was made on the last day and $355 was credited to the account on the day 24. 1. calculate the unpaid balance at the end of the cycle. 2. determine the interest charged in this billing cycle. 3. at the end of the billing cycle, determine the new balance at the beginning of the next cycle, given that the minimum payment has been paid.
Answers: 3
Business, 22.06.2019 16:00, ari313
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
Business, 22.06.2019 23:00, astultz309459
Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.
Answers: 1
Business, 23.06.2019 02:50, Lacrosse34
Which of the following will be a source of cash flows for a shareholder of a certain stock? i. sale of the shares at a future date ii. the firm in which the shares are held paying out cash to shareholders in the form of dividends iii. the firm in which the shares are held increasing the total number of shares outstanding through a stock split
Answers: 2
Business, 23.06.2019 14:50, ineedhelp2285
If massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $6 $16 $60 $600
Answers: 1
Acredit card has an annual interest rate of 20,99%, and interest charged is calculated at the end of...
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