Pretend you make $500 worth of purchases on your credit card, your bill arrives saying your minimum payment due is $20, and you pay that amount before the due date. Describe how credit card interest works and what you can expect to happen next

Answers

Answer 1

Explanation:

One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.

Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating

The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.

Related Questions

How does free trade benefit businesses? For example, how does it encourage
investment?

Answers

Answer:

Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.

Where can you locate the Function Library group?
View tab of the ribbon
Formulas tab of the ribbon
File tab of the ribbon
Insert tab of the ribbon

Answers

Answer:

I can locate the function library group on formulas tab of the ribbon.

You locate the Function Library group on the Formulas tab of the ribbon. The correct option is B. Select the Formulas tab on the Ribbon to open the Function Library. Look for the Group Function Library.

What is the library function answer?

Predefined functions are library functions. The developer includes some built-in functions to help the user work. We don't need to write our own code for some operations. We can simply use one of the library functions to complete our task.

The formulas tab contains a function library. The function library on the formulas tab is a great place to start learning about functions. Here you can search for and select Excel functions. The Function Library Group enables the user to use all of the formulas in Excel. The function is automatically inserted in the selected cell.

Thus, the ideal selection is option B.

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reflection of food and beverage

Answers

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches. Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.

All of his 3 credit cards currently have a balance, as he has had trouble paying off his card each month

Answers

Answer:

then he dumped

Explanation:

All of his 3 credit cards currently have a balance, as he has had trouble paying off his card each month he has dumped.

What is a credit card?

A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.

In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.

In the event that you fail to pay your credit card bill at all, you will probably be assessed a late fee, miss your majesty period, and be required to pay interest at a penalty rate. A good credit score can be improved and maintained by keeping your balance at or below 30% of your credit limit.

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Which of the following is not an example of a multichannel retailer?

A. Abercrombie & Fitch

B.McDonald's

C.Target

D.None of the above​

Answers

B. the answer is mcdonald’s

Answer:

mcdonalds!!!!

Explanation:

!its right trust me those ppl who commented above are wrong, i put it in on od and it was right! on god bro.

write the key points about a teacher's role
can someone pls help me??​

Answers

classroom instruction to help students learn. Planning, preparing, and delivering lessons, giving feedback, helping students want to learn, and supporting.

The worst economic time of the last century was during_____.
A.) The Great Recession
B.) The Great Depression
C.) The Industrial Revolution

(B. is wrong, I took the test)

Answers

Answer:

A. The Great Recession

Explanation:

I hope this helped

1. Do you think it's really important to start saving for retirement as early as possible? Why or
why not?

Answers

Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.

how is a job search conducted​

Answers

you provide what you like like and santa brings it to north pole and see what is best for you

What is a 401 (k) retirement plan? I NEED HELP:(

Answers

Answer:

-an employer sponsored retirement plan that allows a worker to save for retirement while deffering income taxes on the saved money or earnings until withdrawal.

Explanation:

just cause homie

A 401(k) retirement plan is a retirement plan sponsored by the employer where he or she deducts a small percentage of the gross pay of the employee.

What is the significance of the 401(k) retirement plan?

A 401(k) retirement plan can be referred to or considered as a plan where the employer contributes a fixed and a small proportion from the gross pay of the employee until the time he or she serves to the company of the employer.

An employee is free from paying any kind of taxation amount over the monies he or she has saved in a 401(k) retirement plan. However, the taxation is not a liability only until the employee makes a withdrawal.

Therefore, the significance regarding a 401(k) retirement plan has been aforementioned.

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Where should a worker go for equipment to help put out a small fire?

Where could a supervisor get a bandage for a worker with a cut hand?

Where should a supervisor go to call for an ambulance after a worker breaks a leg?

Answers

Answer:

a. the front east wall

b. the floor manager’s office

c. the employee cafeteria

Explanation:

(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.

Who is Supervisor?

(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.

(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.

While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.

Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.

we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.

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why is etiquette important in debate tournaments

Answers

To sound professional, it gives advantages to you for it to be easier to win

Page:
International employment has played
on important role to solve unemployment
problems in Nepal.” Justify the statement​

Answers

Answer:

This means that Nepal, as a very underdeveloped country, lacks the necessary amount of domestic capital to build a healthy and functional economy, and for this reason, it requires international help in the form of foreign direct investment that can supply more capital to the country, capital that is used to set up new companies and investment projects that employ more Nepalese people.

What Do Banks Do With Their Deposits?

Answers

Answer: When a person deposits money into their bank account, the bank can then lend other people that money. The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).

Explanation: I think

I will play basketball. This is a _____ goal.

a) neither
b) broad
c) SMART
15 POINTS AND BRAINLIEST

Answers

Answer:

b

Explanation:

not timely or specific,

Answer: d

Explanation:

One common advantage of a long-term investment is

higher return.
no risk.
higher liquidity.
no liquidity.

Answers

Answer:

higher return.

Explanation:

When it comes to investing, time is is a good friend. Long-term investments are more profitable compared to short-term investments.

Time overcomes market volatility. Naturally, markets move up and down. On some occasions, the draw-downs may be big and rapid, which may erode short-term gains. Staying in the market longer allows the market to correct its self and return to profitability.

By taking long term investments, the investor enjoys the benefits of compound interests. The investment earns interests on interests earned, which increases the investor's wealth rapidly.

One common advantage of a long-term investment is a higher return. Thus, option A is appropriate.

Investments are made to create income or profit in the future. They are typically made with money. In plain English, it entails investing money in a business or asset with the hope of receiving a return on the investment.

Investments are traditionally defined as "commitments of resources to realize benefits in the future." If money is involved, an investment represents a "commitment to receive more money later."

Thus, option A is correct.

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what are creative products example flying water bottle

Answers

Answer:

Tesla’s self driving car

Or the waterproof speaker for showers

Explanation:

Write any five methods of getting information of foreign employment and discuss any one of them.​

Answers

Answer:

May it will help you

Explanation:

1) Notice board

2) Book of introduction

3) Institutions work working under the ministry of labour

4) Authority of human resources

5) Manifestos of training institutions

6)Web site

7) Newspapers

8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.

They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.

9)Radio and television

Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.

Who is Foreign employment?

Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.

Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.

Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television

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Which of these individuals is an entreneur ?
A. a computer programa who starts her own software Company
B.A farmer who sells his crops in markets all over the country
C.A factory owner who relocates his operation overseas to save money
D. A governor who calls for raising taxed on wealthiest corporations ​

Answers

Answer:

A. a computer programmer who starts her own software Company

Explanation:

Entrepreneurship is the process through which new businesses are started. An entrepreneur is a person who takes risks by committing their time and resources to start a business.

The computer programmer is the entrepreneur in this case. She is starting a new software business. Other than her computer skills, she will need to be creative and innovate to develop products that will appeal to customers. She will take all risks of her new business but also stand to enjoy its success.

Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks


Which HTML tag is formatted correctly?

This is a heading
This is a heading
This is a title
This is a paragraph

Answers

Answer:

your answer is

B. This is a heading

good luck :)

some pencils are to be shared between grade 7, grade eight students receive 196 more than grade 7 students no, find the total number of pencils shared,find the total number of pencils shared.​

Answers

Answer:

203

Explanation:

Luis got himself in trouble by accidentally sending an e-mail to a client instead of his co-worker. He resolved to be more careful in the future to prevent this from happening again. Luis can use these practices to help him avoid sending out e-mail to the wrong person.

Answers

Luis can use these practices to help him avoid sending out e-mail to the wrong person: Be careful when using the reply to All feature and to Double-check the Cc and Bcc fields.

What is email?

Email can be defined as a communication channel that enables a person to exchange information with another person.

Based on the information given in order to prevent repeating the same error or mistake, the best thing is to always re-check the  Cc and Bcc before sending out the email.

Inconclusion Luis should be careful when using the reply to All feature and to Double-check the Cc and Bcc fields.

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Just take the points ;-; I'm done here
what is 2+2

Answers

Answer: 4

Explanation:

2+2=4

In addition, the addends or the summands are numbers or terms being added together

Explain how Apple employed the marketing concept in designing, promoting, and supplying the
iPhone.
Identify the key benefit(s) for consumers relative to comparable competitive offerings (how does
the iPhone compare with their competition such as Samsung or LG?)

Answers

Answer:

They helped pioneering the next generation of technology by their advertising and making it as comfortable as it is.

Explanation:

Apple intelligently and utilizes numerous advertising to increase everyone to be curious. They keep attracting people's souls in a somewhat way that they're in lineups for lengthy hours only to purchase their items.

Apple's main factors that influence its intelligent marketing development are to increase its reputation as well as different goods. Differentiation strategy is perhaps the foremost significant approach adopted by Apple to market items that are distinctive as well as substantially intellectually superior of such companies.

The main advantages of similar competitive offers for customers are:

Uniqueness has therefore overridden competitiveness in prices.Links effectively with users.

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When a company asks that people sign a contract to show they do intend to purchase the product, the situation involves.
A.) Marketing Mix
B.) Sales
C.) Target Market
D.) Customer Wants
E.) Customer Needs
F.) Marketing

Answers

Answer:

Target Market

This is the right answer

A company asks that people sign a contract to show they do intend to purchase the product, the situation involves. the Target Market.

What is the market?

The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.

The term target market refers to that. A serviceable obtained market, By which the group of customers,  a business aims its marketing efforts and resources. A target market is a subset of the total market for a product or service.

Therefore, Thus option (C) is correct.

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Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number

Answers

Answer: NOne of the above. Or C Place of employement

Explanation:

The personal information that does not consider is the place of employment.

The following things should be considered for personal information:

The number of social security.The date of birth.The credit card number.

Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.

Therefore we can conclude that the personal information that does not consider is the place of employment.

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You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan​

Answers

Answer: i would say b

Explanation:

Explain briefly what kind of Consumer Service is particularly open to an entrepreneur.

Answers

Answer:

Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.

Explanation:

What are Advantages of having good Credit Score? Choose the best three that apply.

Saving on Insurance rate
Car loan Interest rate
Getting in to a Good College
Getting a Good Cell phone Plan

Answers

I’m pretty sure it’s
-saving on insurance
-car loan
-getting good cell phone plan

Explain why flexible price policy is not price discrimination.

Answers

Answer:

see below

Explanation:

Flexible pricing is a strategy that leaves room for negotiation between the seller and buyer. In this strategy, the seller does not set a fixed price. They set a range in mind, allowing for negotiations with the buyer. In flexible pricing, a seller will have the minimum amount they can accept and a maximum amount they can charge.

Price discrimination is a pricing strategy where a producer sets different prices for the same product to different groups of consumers.  The producer will segment or group customers depending on various traits such as social status or income levels.  A price will be set for each category depending on the producer's perception of their ability to pay.

In price discrimination, the price is already set for different categories of customers, but in flexible pricing, every customer has the opportunity to negotiate for the best price.

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