Business, 14.03.2020 05:28, Clup0211

Monty currently has a Visa card from his bank with the following terms: 18% on purchases, 24% on cash advances with a 4% cash advance fee on the amount, and a default or penalty rate of 36%. His current statement shows a balance of $6,000. So far he has only taken one cash advance, withdrawing $1,000 from a casino in Las Vegas a year ago, which he has already paid off. Lately he has been having a hard time paying more than the minimum payment of 4% of his balance. The only assets he owns are a sevenminusyearminusold car and a $2,500 certificate of deposit that has a 5% APR. What is the current APY on this credit card if it is compounded monthly?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 23.06.2019 10:20, chris199825

George wants to collect funds to open his own bakery from his family. he needs an accurate estimate of how much money he would require to run the bakery for at least six months. he has to buy a shop (costing $3,500) and buy an oven (costing $600). his start-up costs, including various utility costs, would be $300. he has calculated his monthly expenses as $250. how much money would george require to start his business and run it for at least six months? a. $3500b. $5,900c. $7,200d. $7,400e. $8,200its not c.7200 tried it

Answers: 1

continue

Business, 23.06.2019 13:10, makaylahunt

Liberty capital had seen its net income increase dramatically from the previous year, yet over the same period of time, its net cash provided from operations had decreased. which of the following would explain how this situation came about? liberty's expenditures on fixed assets had declined. liberty's depreciation and amortization expenses had declined. liberty's interest expense had increased. liberty's cost of goods sold had increased.

Answers: 2

continue

Business, 23.06.2019 20:00, theannakittler7327

If overnight delivery makes you think of fedex, what marketing strategy caused that association in your mind? direct mail tv advertising branding connectivity

Answers: 1

continue

Business, 23.06.2019 22:30, adam1299

"ellie purchases an insurance policy on her life and names her brother, jason, as the beneficiary. ellie pays $32,000 in premiums for the policy during her life. when she dies, jason collects the insurance proceeds of $500,000."

Answers: 1

continue

Do you know the correct answer?

Monty currently has a Visa card from his bank with the following terms: 18% on purchases, 24% on cas...