Business

Presley Simpson

6 June, 09:27

Greg used his credit card to buy exercise equipment. the cost was $826.38. if greg pays $50 a month for 20 months, the total interest will be $139.33. greg decided instead to pay only the minimum amount each month. that will take him 124 months and the total interest will be $1,038.08. how much would greg have saved if he had paid $50 a month instead of the minimum amount?

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Greg used his credit card to buy exercise equipment. the cost was $826.38. if greg pays $50 a month for 20 months, the total interest will ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

External economies of scaleA. lead to the creation of a single large monopoly. B. cannot be associated with a perfectly competitive industry. C. tend to result in large profits for each firm and an industry with relatively few firms. D.

A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a (n) : a) premium discount broker. b) full-service broker. c) basic discount broker. d) electronic broker.

Land-based forces gravitate toward a control mindset endemic of a higher headquarters model. this demonstrates which key element to remember when working with other services?

When considering the purchase of a large central system, such as power generation or computer networks, firms have to decide how big a system to acquire and whether, and, if so, how to charge the users for it after the purchase. Which is true? a.

How could biotechnology affect your privacy?

New Questions in Business

Economic exposure, a category of foreign exchange risk, is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within

According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. B.

Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,400 units) $ 4,372,000 Cost of goods sold 2,595,000 Gross profit

What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish

A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property appreciates about $25,000 each year. What is the cash flow on this property?