Elizabeth just received her credit card bill. She calculates the compound interest on her bill and considers the payments she could make. If she pays the minimum payment of $45, it will take her five years to bring her balance to $0. How can Elizabeth most responsibly pay off her bill sooner? continue paying the minimum monthly payment pay it off with a different credit card take out a personal loan from a bank pay more than the minimum payment each month
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Elizabeth just received her credit card bill. She calculates the compound interest on her bill and considers the payments she could make. ...” 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
A demand curve reflects each of the following except the a. highest price buyers are willing to pay for each quantity. b. willingness to pay of all buyers in the market. c. ability of buyers to obtain the quantity they desire. d.
Answers (1)
When presenting oneself on paper, what is essential to include?
Answers (1)
A producer of camping gear such as tents, sleeping bags, and camp stoves has identified its target market as outdoor adventurers or enthusiasts. which type of variable does this reflect in segmenting the market?
Answers (1)
On January 1, Year 3, Wayfarer Co.'s assets were $330,000 and its stockholders' equity was $146,000. During the year, assets increased $18,000 and liabilities decreased $16,000.
Answers (2)
Which of these is an advantage unique to checking accounts? Checking accounts enable the transfer of money electronically. Checking accounts allow used checks to act as receipts. Checking accounts use debit cards for easy access to money.
Answers (1)
New Questions in Business
Under the mudarabah banking system, when an Islamic bank lends money to a business Multiple Choice it charges that business interest on the loan. the business needs to pay back the loan with an additional markup.
Answers (1)
A company's bonds have a 10-year maturity, a 6% coupon paid semi-annually, and a par value of $1,000. The yield to maturity is quoted as 8% in the financial press. What is the bond's price?
Answers (1)
Buckman Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion costs is $3.00. The company completed and transferred out is 40,000 units.
Answers (1)
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting? A. Paying off loans B. Purchasing inventory on account C. Collecting customer payments D. Borrowing money
Answers (2)
Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when A. A royalty contract with a distribution in which the consideration to be received depends on sales to end customers. B.
Answers (1)