subject
Business, 20.04.2021 02:20 deaklet

1. 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 22 years 8 years 73 years

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 23:00
Ernesto baca is employed by bigg company. he has a family membership in his company's health insurance program. the annual premium is $5,432. ernesto's employer pays 80% of the total cost. ernesto's contribution is deducted from his paycheck. what is his annual contribution? $1,086.40 $1,125.65 $1,527.98 $1,567.20 save and exit
Answers: 3
question
Business, 23.06.2019 03:00
Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
question
Business, 23.06.2019 13:20
Sam owns speedy bricklayers, inc., a company that specializes in bricklaying. to maintain his business's reputation for quick, quality bricklaying, sam requires that all employees are experienced bricklayers. this discriminates against potential employees who have never laid bricks before. sam is likely:
Answers: 2
question
Business, 23.06.2019 15:30
In march 2018, the phillips tool company signed two purchase commitments. the first commitment requires phillips to purchase inventory for $110,000 by june 15, 2018. the second commitment requires the company to purchase inventory for $160,000 by august 20, 2018. the company's fiscal year-end is june 30. phillips uses a periodic inventory system. the first commitment is exercised on june 15, 2018, when the market price of the inventory purchased was $90,000. the second commitment was exercised on august 20, 2018, when the market price of the inventory purchased was $125,000. required: prepare the journal entries required on june 15, june 30, and august 20, 2018, to account for the two purchase commitments. assume that the market price of the inventory related to the outstanding purchase commitment was $144,000 at june 30. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 1
You know the right answer?
1. You have $25,000 of credit card debt, and you decide that you will never charge another cent on t...
Questions
question
Mathematics, 03.03.2021 14:00
question
Mathematics, 03.03.2021 14:00
question
Mathematics, 03.03.2021 14:00