FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. You just bought a TV for $600 on credit card. You plan to pay back of $50 a month for this credit card debt.

3. You just bought a TV for $600 on credit card. You plan to pay back of $50 a month for this credit card debt. The credit card charges you 12% of interest rate on the monthly basis. So how long does it take to pay back your credit card debt? A. 11.78 month B. 11.43 month C. 12.91 month D. 12.85 month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments An Introduction

Investments An Introduction

Authors: Herbert B. Mayo

13th Edition

0357127951, 978-0357127957

More Books

Students also viewed these Finance questions

Question

★★★★★
What are the general rules for sourcing income?

Answered: 1 week ago

Question

★★★★★
Indicate which of the four perspectives in the balanced scorecard is most likely associated with the objectives that follow. 1. Percentage of repeat customers. 2. Number of suggestions for...

Answered: 1 week ago

Question

★★★★★
Rodney, who sells newspapers on the street, buys each newspaper for 35 cents and he sells it for 50 cents. However, he cannot return any unsold newspapers. He has estimated that the number of...

Answered: 1 week ago

Question

★★★★★
Four-drive theory is conceptually different from Maslows needs hierarchy (as well as ERG theory) in several ways. Describe these differences. At the same time, needs are based on drives, so the four...

Answered: 1 week ago

Question

★★★★★
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales $ 3,550,000 Cost of goods sold 2,280,000 Gross...

Answered: 1 week ago

Question

★★★★★
Can someone help me solve this? 5 points ncome, John dlvided his professional career into 5 periods of earning Assume that john's discount facror d=0.85. his dreams to become a Neurosurgeon? If so,...

Answered: 1 week ago

Question

★★★★★
Meeting privately with Carl and Amy, Daniel told each of them, "I understand how strongly you feel about this situation both the light rail itself and the other issues that it brings up for you about...

Answered: 1 week ago

Question

★★★★★
Describe a time when a message you sent was misunderstood or failed to engage the intended audience. Next, use the module resources or other outside sources to locate two strategies for reaching...

Answered: 1 week ago

Question

★★★★★
Now that you have learned about the murders of Gwen and Lawrence, answer the following questions. To what degree might an explanation of Gwen's murder lie in the "psychological functions" served by...

Answered: 1 week ago

Question

★★★★★
psychodynamic therapy with children principles emphasizes following the child this thought principle guides the therapy structure in all the following ways except: A. length is based on childs...

Answered: 1 week ago

Question

★★★★★
What are the challenges faced by workers all across the world as suburbanization expands and the distance traveled to the workplace increases? Can this be addressed through telecommuting and a more...

Answered: 1 week ago

Question

★★★★★
3. To learn more about how emotions influence your thinking and behavior, complete each of the following sentences. Once you have completed them all, reflect on your written responses.

Answered: 1 week ago

Question

★★★★★
1. Is an office romance likely to affect the productivity of the two workers involved? Is it likely to affect the people who work with them?

Answered: 1 week ago

Question

★★★★★
b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.

Answered: 1 week ago

Previous Question Next Question