nsucationker1. You are trying to decide between 2 credit cards. Credit card A has no annual feeand an annual interest rate of 22.99%. Credit card B has an annual fee of $135 and anannual interest rate of 18.99%.What is the annual cost on a $2300.00 purchase?Card ACard BWhich card would you choose? Explain.M2a. You decide to purchase a new touchscreen Chromebook. The price is listed at$499.99 but the salesperson tells you that everything in the store is 25% off today. Whatis the total price that you pay for the Chromebook (including 8% Tax)?8SADELL$ nsucationker1. You are trying to decide between 2 credit cards. Credit card A has no annual feeand an annual interest rate of 22.99%. Credit card B has an annual fee of $135 and anannual interest rate of 18.99%.What is the annual cost on a $2300.00 purchase?Card ACard BWhich card would you choose? Explain.M2a. You decide to purchase a new touchscreen Chromebook. The price is listed at$499.99 but the salesperson tells you that everything in the store is 25% off today. Whatis the total price that you pay for the Chromebook (including 8% Tax)?8SADELL$

Answered: Image /qna-images/answer/97e54487-4ccc-4275-b4cb-e5a90cb057ae.jpg

1. You are trying to decide between 2 credit cards. Credit card A has no annual fee and an annual interest rate of 22.99%. Credit card B has an annual fee of $135 and an annual interest rate of 18.99%. What is the annual cost on a $2300.00 purchase? Card A Card B Which card would you choose? Explain. $ $

1. You are trying to decide between 2 credit cards. Credit card A has no annual fee and an annual interest rate of 22.99%. Credit card B has an annual fee of $135 and an annual interest rate of 18.99%. What is the annual cost on a $2300.00 purchase? Card A Card B Which card would you choose? Explain. $ $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Callum would like to purchase a new ATV that costs $6500. He decides to pay $2400 of the balance using his credit card and the remaining $4100 using his line of credit. Use the screen shots below to determine the total amount of interest Callum will end up paying. Credit Card Line of Credit N=36 I%=19 PU=2400 •PMT= 87.974448. EV=0 PY=12 CY=12 PMT:ENL BEGIN N=36 PU=4100 PMT=-122.88067. PY=12 Cy=12 PMT:ENL BEGIN $323.68 $1090.60 $7590.60 $766.92
COMPARING APR. You are offered two credit cards. The first is a credit card (CARD A) that has an APR of 24.99%. You are also offered a card (CARD B) that has 21.99% interest, but charges $100 annually. Which card that was offered is a better card? Show work.
Match the following credit terms with the correct description. APR [Choose ] [Choose ] Known as the Annual Percentage Rate. Some credit cards charge these. They can be charged for membership and you may be required to pay them once a year. Credit cards that offer these give you cash or points for purchases you make. Occurs when you don't pay your monthly payment on time. These occur when you transfer your balance to a different card. When you move an existing balance to another credit card or account. The least amount of money you are obligated to pay back on a monthly basis to avoid fees and penalties. [Choose ] [Choose ] [Choose ] [Choose ] Fees Rewards Finance Charges Late fees Balance Transfer Minimum payment
There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interes loans to reduce your interest expense. You decide to discount a $5,600, 345-day note at 2% to your bank at a discount rate of 5.0% on day 220. What are your proceeds? (Round your final answer to the nearest whole number.) Proceeds
There are some excellent free personal finance apps available: Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,450, 330-day note at 2% to your bank at a discount rate of 3.5% on day 230. What are your proceeds? Note: Round your final answer to the nearest whole number. Proceeds
1. Which credit card offers the best interest rate? 2. Which credit card has the highest annual percentage rate? Platinum Citibank, Visa 3. What fee is the same for all the credit cards shown and how much is it? Cash Advance Fee, 3% 4. Which credit card has the highest annual fee? 5. Which credit card do you think is the worst card to obtain? Explain why. 6. Which credit card do you think is the best card to obtain? Explain why.
No Plagiarism Please! Enter your answer and show all the steps that you use to solve this problem in the space provided. You have two credit cards. Card Name (APR %) Existing Balance Credit Limit Murk (5.6%) $675.49 $1,500.00 Mini (9.85%) $902.43 $1,000.00 What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment each time excluding the last payment? Be sure to include the following in your response: the answer to the original question the mathematical steps for solving the problem demonstrating mathematical reasoning
A borrower has two alternatives for a loan: (1) issue a $630,000, 75-day, 6% note or (2) issue a $630,000, 75-day note that the creditor discounts at 6%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Compute the amount of the interest expense for each option. Round your answer to the nearest dollar. for each alternative. b. Determine the proceeds received by the borrower in each situation. Round your answers to the nearest dollar. < (1) $630,000, 75-day, 6% interest-bearing note: $ (2) $630,000, 75-day note discounted at 6%: $ c. Alternative is more favorable to the borrower because the borrower
• Suppose that on January 1, you have a credit card balance of $600.00. On January 10, you purchase a new Netflix subscription for $21.00. On January 12, you return an item to Bath & Body Works for a credit of $22.50. On January 22, you make a payment of $350.00 On January 25, you make a purchase at Walmart of $87.00. The annual interest rate on your credit card is 0.21. Calculate the finance charge for January that will appear on the next month's statement, using the average daily balance method. Round your answer to the nearest cent. January finance charge.
there are some excellent free personal finance apps available: mint.com, goodbudget, mvelopes, billguard, pocketexpense, homebudget, and expensify. after using mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. you decide to discount a $5,250, 345-day note at 3% to your bank at a discount rate of 4.5% on day 210. what are your proceeds? (round your answer to the nearest cent.) Proceeds: ??
Mint.com, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,300, 340-day note at 2% to your bank at a discount rate of 5.0% on day 200. What are your proceeds?
When you use a credit card, the credit card company charges a fee to the merchant, which ranges from 3% to 5%, on your purchase. Suppose you bought a high-definition TV for $310 and asked if the seller would give you a discount for paying cash. What might be a reasonable discount? A reasonable discount would be in the range of $__ to $__

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