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QUESTION 19 Joey realizes that he has charged too much on his credit card and has racked up $6,000 in debt. If he can pay
QUESTION 19 "Joey realizes that he has charged too much on his credit card and has racked up $6,000 in debt. If he can pay $450 each month and the card charges 20 percent APR (compounded monthly). how long will it take him to pay off the debt assuming no new purchases are made on the card (Show answers in months)?" 12.1 13.0 15.2 21.3 13.3 QUESTION 20 "What is the Portfolio Return if you hold positions in the following stocks displayed in this format (Current price per share, # of shares in our portfolio, Return for each stock). (FIN340 Company $39.80, 625 shares, 10.0% Return): (ABC Company 546 25, 200 shares 6.0% Return): (DEF Company $31 60,225 shares, -13.5% Return), and (XYZ Company S54 25 325 shares, 10.9% Return);" 6.2% 7.0% 6.8% 3.4% 13.4% 7.5% Insufficient data provided to calculate this statistic
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