Question 5 of 10 Guadalupe's credit card has an APR of 23%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. Her credit card record for the last 7 months is shown in the table below. End of month 2 Previous balance $0.00 $900.00 $899.25 $898.50 $897.75 $897.00 $896 26 Naw charges $900.00 $0.00 S0.00 50.00 S0.00 $0.00 $0.00 Payment received $0.00 $18.00 $17.99 $17.97 $17.96 $17.94 $17.93 Financa charges $0.00 $17.25 $17.24 $17.22 $17.21 $17.19 $17.18 Principal paid $0.00 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 Now balance $900.00 $899.25 $898.50 $897.75 $897.00 $896 26 $895.51 How is the principal paid calculated? O A. Payment received ? finance charge O B. Interest. previous balance C. Previous balance + new charges + principal paid D. Payment received + finance charge

Which organization was established to train the hard-core unemployed? - better business bureau- equal employment opportunity commission- environmental protection agency- affirmative action committee- national alliance of business

Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?