Tim would like to use his income tax return to pay off one of his four credit cards. His previous plan was to pay off all four credit cards in the same timeline of 36 months. He wants to eliminate the card that is charging him the most interest on a monthly basis. The chart below outlines Tim's four credit cards, their balances, and their APRs. Which credit card should Tim use his tax return to pay off?
Credit Card
Balance
APR
A
$1,260.00
12%
B
$900.00
18%
C
$1,290.00
9%
D
$1,200.00
16%
a.
A
b.
B
c.
C
d.
D
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tim would like to use his income tax return to pay off one of his four credit cards. His previous plan was to pay off all four credit cards ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following statements regarding the concept of scale is correct? A. The scale of the objects in a room can be intentionally varied for a special effect. B.
Answers (2)
Suppose there are monopoly profits in the production of airplanes, but two countries are each determined to capture the industry. When one country subsidizes its domestic firm, the other country matches the tactic.
Answers (1)
An informal organization can be shown on a formal organization chart. a. true b. false
Answers (1)
In the 1800s, Europeans purchased stock in American companies that used the funds to build railroads and factories. The Europeans who did this engaged in ... a. foreign indirect investment. b. foreign portfolio investment. c.
Answers (1)
Evaluate the product offerings at REI. Select a product category and review the product line at REI, then select a similar competitor and review its products for the same category.
Answers (1)
New Questions in Business
On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.
Answers (1)
Tim, a manager of a store, believes that his employee, james, is lazy and never comes to work on time. he reached this conclusion after having seen james walk in late on a day a meeting was scheduled.
Answers (2)
A check written by the company for $282 is incorrectly recorded by a company as $228. On the bank reconciliation, the $54 error should be added to the balance per books. deducted from the balance per books. added to the balance per bank.
Answers (1)
What is basic communication
Answers (1)
Which of the following is the biggest advantage of using a yardstick report? A, You can immediately outline a specific course of action B. All data will support your opening recommendation C.
Answers (1)