Business, 08.01.2020 01:31, cougar9754
Why do credit card companies typically require small minimum payment amounts on their customers' monthly credit card statements.
a. credit card companies are concerned that their customers will be put in financial distress if required to make higher payments.
b. credit card companies want to promote faster repayment, and customers will be encouraged to pay more each month if they’re able to pay well beyond the minimum.
c. credit card companies want to increase profits by promoting slower repayment, and actual customer repayments will be anchored by the smaller payment options
d. credit card companies actually charge the highest minimum payment they are allowed by law to charge.
Answers: 1
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Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
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Why do credit card companies typically require small minimum payment amounts on their customers' mon...
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