subject
Business, 24.03.2020 20:18 zwalkert01

Dennis Rodman has a $5,500 debt balance on his Visa card that charges an APR of 8 percent compounded monthly. Dennis's current minimum monthly payment is 4 percent of his debt balance, $220. How many months (round up) will it take Dennis to pay off his credit card if he pays the current minimum payment of $220 at the end of each month

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:10, victorialeverp714lg
Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:
Answers: 1
image
Business, 21.06.2019 22:50, nourmaali
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
Answers: 3
image
Business, 22.06.2019 14:40, robert7248
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
image
Business, 22.06.2019 15:40, kaitlynmorgan43
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
You know the right answer?
Dennis Rodman has a $5,500 debt balance on his Visa card that charges an APR of 8 percent compounded...

Questions in other subjects: