Two credit cards offer the same $1,000 credit limit Apple Finance charges an interest rate of 10 percent and a $100 annual fee Nut Company charges an annual fee of $25 and an interest rate of 17 percent If you tend to pay off your credit card balance promptly, which one would you choose Two credit...

In this situation I would choose Nut Company since ...

Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-0071317658

15th edition

Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt

See More Books

Posted Date: Feb 03, 2023 03:52 AM

See More Questions

A credit card company charges an interest rate of 1.13% per month on the unpaid balance of all accounts. What would be the effective rate of interest per year being charged by the company?
If it were evaluated with an interest rate of 0 percent, a 12-year ordinary annuity would have a present value of $4,200.00. If the future (compounded) value of this annuity, evaluated at Year 12, is...
if you invest $10,525 today at an interest rate of 7.35% compounded daily, how much money will you have on your saving account in 15 years?
Which do you feel is more important for a new business: the income statement or the statement of ash flow? Why?
To finance a new project costing $30 million, a company borrowed $21 million at 16% per year interest and used retained earnings valued at 12% per year for the remainder of the investment. The...
How do cost-oriented pricing and break-even analysis help managers measure the potential impact of prices? What general factors motivate marketing managers to price their products at, above, or below...
Axial dispersion in channel flow. Consider the pressure-driven laminar flow in a channel of height $2 h$. Derive the following formula for the axial dispersion coefficient: \[D_{\mathrm{E}}=\frac{2...
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are...
State the reasons why you believe unemployment among high school graduates vs unemployment amongst college graduates (bachelor's or higher) represents a challenge for the economy?
After a complaint was filed against him, Broker Ike was found guilty of a license law violation. He was fined and had to pay legal fees totaling $8,900. This was paid by the Recovery Fund. What else...
In order to entice buyers, a builder is offering $250,000 conventional mortgage loans on new home sales at 5.00% fixed to be amortized over 30-year terms. Current market rates for 30-year fixed-rate...
What is a permutation? What is the formula for permutations?
Evaluate each expression in Problems 3-32. ${ }_{8} P_{0}$
Find the APR (rounded to the nearest tenth of a percent) for each of the loans described in Problems 39-42. Purchase an oven for $\$ 650$ at $11 \%$ add-on interest for 2 years.
Find the amount of periodic payment necessary for each deposit to a sinking fund in Problems 35-46. Amount Needed Frequency n A 43. $100,000 quarterly Rate r 8% Time t 8
Convert each credit card rate in Problems 25-30 to the APR. Nebraska, $0.03014 \%$ daily rate
Horizontal and Vertical Analysis Accounts Receivable Inventory Total Assets December 31, 2015 $960 000 920 000 4 000 000 December 31, 2014 $600 000 750 000 3 000 000 Using the above data taken from...
Could the owner of a business prepare a statement of financial position on 9 December or 23 June or today?
Ahmad Ressam attempted to enter the United States by car ferry at Port Angeles, Washington. Hidden in his rental car's trunk were explosives that he intended to detonate at the Los Angeles...
David Lovejoy was a candidate in the 2009 election for sheriff of a New Hampshire county. His opponent was the incumbent sheriff, James Linehan. During the election campaign, the Portsmouth Herald...
An informant told the Eagan, Minnesota, police that while walking past the window of a ground-floor apartment, he had observed people putting a white powder into bags. Officer Thielen went to the...
(a) Assuming that the total number of microstates accessible to a given statistical system is $\Omega$, show that the entropy of the system, as given by equation (3.3.13), is maximum when all...
What trends are occurring in outpatient and long-term care?
What are some different types of hospitals, and what trends are occurring in the hospital industry?

Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of...

Question:

Expert Answer:

In this situation I would choose Nut Company since ... View the full answer

Business Law The Ethical Global and E-Commerce Environment

Students also viewed these finance questions