Business, 05.05.2020 15:09, hokamidat

The tables show two ways to pay off $500 in credit card
debt.
Which is the best option for someone who wants to improve
his or her credit and pay less interest on the debt?
Credit card debt: $500
Annual compound interest: 15%
Payment made per month: $15
Total paid (44 months): $650.85
$15 a month because it will let the person keep more
spending money
$100 a month because it will free up credit to buy other
things
$15 a month because it will save money in the long run
$100 a month because it will reduce the amount of debt
owed
Payment made per month: $100
Total paid (6 months): $519.63

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:00, Samzell

Minolta inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$850 300 $320 $340 $360

Answers: 3

continue

Business, 21.06.2019 20:30, jcotto3644

What do economists mean when they use the latin expression ceteris paribus?

Answers: 3

continue

Business, 22.06.2019 01:30, rachelkim999

Diversity is an obstacle all marketers face: true false

Answers: 2

continue

Business, 22.06.2019 03:10, samantha636

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Answers: 3

continue

Do you know the correct answer?

The tables show two ways to pay off $500 in credit card
debt.
Which is the best option f...