You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
Paying Off Debt
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
come into a $3,000 windfall. Should you payoff your debt or invest in the
booming stock market? Examine the following chart, then answer the
questions that follow.
Stocks at 12% per year
$3,000
S3.360
At Launch
Year 1
Year 5
Year 10
Credit card at 18% per year
$3,000
S3,540
$6,863
$15.701
17. At year 10, how much greater would that original S3,000 debt be?
Answers: 1
History, 21.06.2019 17:00
How did conservatism affect the nationalist movements in europe?
Answers: 3
History, 22.06.2019 01:30
What event caused france and napoleon to want to get rid of its louisiana territory in north america? a) civil war b) seven years war c) slave revolt in haiti d) the french and indian war
Answers: 1
Paying Off Debt
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
You have a $3,000 balance on a credit card with an 18% APR, now you suddenly
Mathematics, 12.12.2020 16:50
Social Studies, 12.12.2020 16:50
English, 12.12.2020 16:50
Computers and Technology, 12.12.2020 16:50
Mathematics, 12.12.2020 16:50
Mathematics, 12.12.2020 16:50
Mathematics, 12.12.2020 16:50
Mathematics, 12.12.2020 16:50
Computers and Technology, 12.12.2020 16:50
Mathematics, 12.12.2020 16:50