You have $25,000 of credit card debt, and you decide that you will never charge another cent on this card. You pay only the minimum that the credit card company asks you to pay each month. Your interest rate is 18 percent and the minimum payment is just 2 percent of your balance. How long will it take you to pay off the debt in full if you never charge another cent?
34 years
8 years
22 years
73 years

When is going to be why would you put money into saving account

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.