A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.

Help I need the answer fast​

Answers

Answer 1

Answer:

This is due to compound interest on the credit card bills.

Explanation:

Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.


Related Questions

What is your current role as a team member either at work, school, family, or sports? How will that role change in the future?
PLEASE ANSWER

Answers

Currently I am a family team member and over the summer I’m hoping to get a job at a local super market to start making money for myself

Choose a real or made up company, and describe at least three ways in which the company uses technology.

Answers

Answer:

Case of E Commerce Companies, & their technical processes.

Explanation:

Any company based on E commerce model, uses technology in its various phases of operation.

E Commerce refers to online buying & selling of goods. They use technology for website or app maintainence, for order placing, for payment, for delivery tracking & various other updates. Technology is also used for back end stock & orders management etc.

Many big online shopping companies (eg Amazon) use this model & its technical aspects.

Answer:

Dominos is a company that has many variable costs. Some examples include flour, cheese, and tomatoes.

Explanation:

Why is it important to check your credit score?

Answers

Explanation:

Checking your credit history and credit scores can help you better understand your current credit position. Regularly checking your credit reports can help you be more aware of what lenders may see. Checking your credit reports can also help you detect any inaccurate or incomplete information.


Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.

Answers

B.salary expense !!!!!!!!!

The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.

The following information is relevant:

The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.

Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.

Learn more about the balance sheet here: brainly.com/question/22988522

Can you really answer the question of whether an opportunity is real before developing a product concept?

Answers

Answer:

Yes

Explanation:

For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.

In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.

Mandy wants to mention detailed information about her hobbies, personal qualities, strengths, and professional achievements in a document she can show her prospective employer. Which job search document can Mandy use to input all these details? A. résumé B. cover letter C. application D. career portfolio

Answers

Answer:

Career portfolio I think

Explanation:

Tell me if I am wrong please.

Which of the following is LEAST LIKELY to be a source of long term financing for business?
a. Bonds
b. Bank loan
c. Mortgage
d. Bank overdraft

Answers

Answer:

d

Explanation:

N Apple bought goods on credit from Pencil Point Ltd. What is the double entry to record this transaction in the accounting records of Pencil Point Ltd? a. Debit N Apple, Credit Sales b. Debit Sales , Credit N Apple c. Debit Purchases, Credit Pencil Point ltd d. Debit Pencil point Ltd, Credit Purchases.

Answers

Answer:

c. Debit Purchases, Credit Pencil Point ltd

Explanation:

The journal entry for purchasing the goods from the Pencil point ltd on credit is given below;

Since the goods are purchased so here purchase account is debited and we credited the pencil point ltd

So, the journal entry is

Purchase Dr XXXX

          To Pencil Point ltd XXXX

(Being goods purchased on credit)

The purchase is debited as it increased the assets and pencil point ltd is credited as it also increased the liability

What is generally one of the major differences between union and nonunion workers?


Union workers earn more money for similar work.


Union workers have more skills and training.


Union workers are more productive employees.


Union workers have more education.

Answers

Answer:

Union workers earn more money for similar work.

Explanation:

A labour union is when a group of workers come together to form an association for the benefit of members of the union. Labour unions have a higher bargaining power when compared with non union workers. This increases their potential for higher wages and better working conditions

Examples of labour unions in the US include :

American Federation of State, County, and Municipal Employees  American Federation of teachers United Food and Commercial Workers  United Auto Worker

What might be an advantage of using credit

Answers

it builds your credit
You can buy things immediately when you don’t have your own personal money, and pay it off later on.

An internal request for supplies is called

Answers

Answer:

it's called a suquisition :)

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!Round your answer to one decimal place, if necessary.A consumer survey conducted in two consecutive years determined that a fixed basket of goods and services cost $95.00 in year 1 and $96.25 in year 2.

The rate of inflation from year 1 to year 2 is ____%

Answers

The answer is 1.135


((96.25 - 95) / 96) * 100%

como conseguir novio en tres días?

Answers

Answer:

go to reddit loads of incels

Explanation:

jk, just shoot your shot with whoever shows interest? ask em out maybe worst they can say is ew no. if they do just move on to the next, seeing as you having a time limit.

yes the person above me is correct! hope this helps

Which factor can be a barrier to a person applying for a job as a cook at a fast-food restaurant?
A. being unable to handle shift at work
B. a high school diploma
C. plans to continue education
D. knowing only one language


NO LINKS!!!!!!!!!

Answers

the answer is d i think

what type of federal funding is free money but is based on financial need only?

Answers

Answer:

Explanation:

Answer:

parks and recreation? brainliest?

Explanation:

What role does credit and debit play in spending strategies?

Answers

Answer:

Explanation:

Credit can help build or decrase your credit score which affects things in the future like getting a nice house or car. People with poor spending habits tend to have a low credit score making it harder to get loans too(since the bank wont trust you ). Debit is just  a fee you pay making it a bit easier since you dont have a credit score

You are a recent college graduate who has just landed your first job. The company that hired you has
agreed to pay you $50,000 a year. It has been recommended that the value of your car(s) do not exceed 50% of your income. With this rule in mind what is the maximum value that your car(s) can be worth?

Answers

Answer:

$25,000

Explanation:

In the given case, the annual income that the new graduate is expecting to get is $50,000 and he or she has been told that the maximum they can spend for a car in terms of value of their 50% of the income. Hence the maximum value that the car that we purchase is the worth of $25,000. Hence, the correct answer is $25,000.

The packaging and labeling of certain consumer goods are regulated by the

A. Securities and Exchange Commission.

B. Federal Trade Commission.

C. Department of Justice.

D. Department of Commerce.

Answers

Answer:

B. Federal Trade Commission.

Explanation:

The packaging and labeling of certain consumer goods are regulated by the "Federal Trade Commission."

Federal Trade Commission was created by the then President of the United States, Woodrow Wilson, in 1914. It is an independent agency responsible for labeling or marking all products, including marketing and environmental claims. It also functions by regulating and preventing anticompetitive business practices.

Hence, in this case, the correct answer is "Federal Trade Commission."

Helpmeeeeeeeeeeeeeee

Answers

Answer:

18. b : most economic decisions are made by buyer and sellers

19. b : federal income tax

Explanation:

What modern-day learning technique is most similar to apprenticeship?


Vocational training, where students learn the skills they need for new careers through hands-on practice

Elementary school, where students learn academic and social skills under the constant supervision of an adult

O Continuing-education training, where working people learn more about their current professions


Graduate school, where students who have graduated from college go on to further academic studies

Answers

Answer:

Elementary school, where students learn academic and social skills under the constant supervision of an adult

Answer:

the 2nd option

Explanation:

what is 10+10 im having troubles help

Answers

Answer:

20

Explanation:

Simple

10 + 10 = 20

Answer:

20 lolbajahajwbwiqbqn

1. What is the purpose of using credit?



2. List several sources of consumer credit.




3. What types of information are asked for on a typical credit
Application?



4. How are store credit accounts different from bank credit card
Accounts?



5. How are credit cards different from charge cards?



6. How is a single payment similar to an installment loan? How is it
Different?




7. Give two examples of collateral that might be used to secure a loan.



8. What is the responsibility of a cosigner of a loan?



9. How is a line of credit different from other types of loans?





10. List several benefits of using credit.

Answers

Answer: To earn CREDIT

Explanation:

does the overcast amount in the debtors journal go into cost of sales or only debtors allowance?

Answers

I think it’s only debtors allowance

plz help!!
Which best describes why taxes and savings are considered leakage factors?

A) They take money out of households.
B) They take money out of the economic system.
C) They take money out of the economic sectors.
D) They take money out of the financial sector.

Thank you!! : )

Answers

Its b

Explain:
The reason it’s because the government collects taxes which are considered leakages

Answer:

my In.stagram I'd: unknown_22770

Explanation:

I hope you will msg me

1. Legal environment of business is what makes the working of the enterprise harmonious. It accumulates every aspect which is remotely concerned with the business firm. The term "Legal Environment of business" relates to the code of conduct of any company.

true
false​

Answers

Answer:

True

Explanation:

It is TRUE that The term "Legal Environment of business" relates to the code of conduct of any company.

The above statement is correct because the Legal Environment of business distinguishes the legal boundaries and the extent of legal plans of a company's executive decisions. It also defines the lawful time and operation of the firm.

Also, it helps in regulating the business activities of a firm, including the roles of the owners, equity shareholders, creditors, debtors, debenture holders, or any third party involved.

i will give someone brainliest
98 points will be reworded

Answers

Answer:

I would be glad to help!

Explanation:

Do you have any specific question about this you're asking for?

Answer:

What is your question about?

Do you have an image or something of it?

Explanation:

Which of the following is not a business-to-business (B2B) market.

A. Raw Materials
B. Process materials
C. Major equipment
D. Shopping Goods

Answers

Answer:

I don't know the exact answer but I guess it will be option (B) process materials

The demographic information will tell you where to find the customers.

T
True
or
F
False

Answers

It should be F because the graphic information tells how many males and females there are so it doesn’t tell you where to find customers. It tell how many customers are there in percentages. If I’m wrong I am sorry

As the price level falls Select one: a. people will want to buy fewer bonds, so the interest rate falls. b. people will want to buy more bonds, so the interest rate rises. c. people will want to buy fewer bonds, so the interest rate rises. d. people will want to buy more bonds, so the interest rate falls

Answers

Answer:

d. people will want to buy more bonds, so the interest rate falls

Explanation:

In the case when the level of price is declines so the people wants to purchase more bonds as the rate of the interest declines due to the aggregate demand concept as it shows the relationship between the level of the price and the total spending amount that companies, government will capable to do at each and every level of the price

4 components of marketing

Answers

Answer:

Place, price, product, and promotion are the four Ps of marketing.

Explanation:

Hope this helps!

Please mark me as Brainlineast.

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Explain some of the opinions on women being on bicycles back then. What is the definition of opportunity cost? A. The added cost when the level of some activity is raised by one unit B. The set of goods produced if all resources are used efficiently C. The value of the best forgone alternative D. Individual consumers and their decisions Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2018 with a performance bonus of $50,000 if the building is completed by July 31, 2018. The bonus is reduced by $10,000 each week that completion is delayed. Marle commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:Completed by Probability31-Jul-18 65%7-Aug-18 25%14-Aug-18 5%21-Aug-18 5%Required:Determine the amount of the transaction price. Solve for x. Your answer must be simplified. -3 < x/-4 Question 25 of 25Which of the following is located at the point where the supply and demandcurves intersect?A. The equilibrium price.B. The maximum demand.C. The level of efficient production.D. The minimum supply.PLEASE HELP ABSOLUTELY NO LINKS OR WILL REPORT!!!! Thanks in advance Rectangular form, work if possible Which expressions are equivalent to 3^43^xA. (3 x)^4B. 3^4 + xC. 813^xD. 9^4xE. 3^4xF. 3^4-x If Keeshas lab partner wanted to conduct Keeshas investigation for accuracy what would this be an example of?A. repetitionB. replication 25. What caused an increase in the deployment of US soldiers in Vietnamafter 1964?A. The Korean WarB. The Gulf of Tonkin incidentC. The assassination of President KennedyO D. The election of President Johnson PLEASE HELP BRAINLIEST PLUS EXTRA POINTS!!! One out of eight students wore white. What percent of the students wore white? A. 18% B. 12.5% C. 9% D. 0.125% To what tradition does the Met Museum curator compare Damien Hirst's The Physical Impossibility of Death in the Mind of Someone Living (1991)? A. collage B. Enlightenment scientific art C. vanitas D. Victorian death photography calculate the pressure exerted by the column of mercury 7mm on the button of barometer.(density of mercury is 13600 kg/m) Obama's famous speech on race in 2008. Contrast it with John Edward's famous 'Two Americas" speeches Find the circumference of the given circle Use 3.14 as an approximation of pi is any behavior that causesphysical or psychological harm to a person or damage to property.B. illegalC. homicideD. weaponA. violence [tex] \frac{1}{2} \times (1 \frac{1}{2} + \frac{3}{4} \div \frac{1}{4} )[/tex]solve the question. No link please LaTanya Corporation is planning to issue bonds with a face value of $107,000 and a coupon rate of 6 percent. The bonds mature in seven years. Interest is paid annually on December 31. All of the bonds will be sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.Round your final answer to whole dollars.) Required: Compute the issue (sale) price on January 1 of this year for each of the following independent cases:a. Case A: Market interest rate (annual): 6 percent.b. Case B: Market interest rate (annual): 4 percent.c. Case C: Market interest rate (annual): 7 percent. 1. Solve for the following parts of the Parallelograma Line GF =b. Angle G=c. Angle H =d. Angle F = What is the governments limited role in pure capitalism?