Calculate fee that Martina would pay to transfer balance

Assignment Help Finance Basics
Reference no: EM132801657

Problem - Balance transfer credit cards. Martina Lopez has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued by a local bank. The bank advertises that, for a 2 percent fee, she can transfer her balance to a card that charges a 0 percent interest rate on transferred balances for the first nine months. Calculate the fee that Martina would pay to transfer the balance, and describe the benefits and drawbacks of balance transfer cards.

Reference no: EM132801657

Questions Cloud

Compare the effectiveness of two programs : Compare the effectiveness of two programs provided to parents who were identified as being at risk for abusing or neglecting their children
Describe the volcanic activity on mercury and venus : Describe the volcanic activity on Mercury, Venus, and Mars and compare them to what we see on Earth and/or the Moon. Don't just say each one has volcanoes.
Case study leading across cultures at michelin : What specific strategies should Chalon employ when he returns to his office in Greenville? Would it be best for him to adapt his style in order to be more Ameri
Describe googles level of diversification strategies : Describe Googles' level of diversification strategies.
Calculate fee that Martina would pay to transfer balance : Calculate the fee that Martina would pay to transfer the balance, and describe the benefits and drawbacks of balance transfer cards
Elements of the general environment : Global and socio-cultural elements of the general environment are significant to the future of Starbucks' retail coffee and snacks store industry.
Reflect on the behavior personal reflection : Reflect on the behavior personal reflection. How would you attempt to change that behavior based on the Practical Framework?
How big a home equity credit line can Sean and Amy obtain : Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Sean and Amy obtain
Research on substance use disorder assessment tools : Write and submit an annotated bibliography that includes five articles on research on substance use screening tools and Five articles of research on substance.

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine stock selling price

The risk free rate of return, r RF, is 6%; the required rate of return on the market is 10%; and Upton Company's stock has a beta coefficient of 1.5.

  What is the degree of operating leverage of project

A project has fixed costs of $2,100 per year, depreciation charges of $300 a year, annual revenue of $16,200, and variable costs equal

  Define the term independent variable

Define the term independent variable and identify the independent variable for this study. Describe the scale of measurement used for the independent variable.

  Impact of accounting for operating leases

Issuance of SI par value common stock at an amount greater than par value and donation of land by a governmental unit to a corporation

  Unadjusted historical costs

Question: The HC method, which uses unadjusted historical costs, does not take into account depreciation expenses, purchasing power, and unrealized gains in replacement value.

  Corporate control as a form of governance

Explain how MNC's use corporate control as a form of governance.

  Quality and cost and financing in healthcare

What are the relationships between quality and cost and financing in healthcare.

  Explain the conditions under which the forward exchange rate

Explain the conditions under which the forward exchange rate will be an unbiased predictor of the future spot exchange rate.

  Explain the principle of subrogation

Explain the principle of subrogation. Provide a mathematical example of its use.

  Compute the standard deviation for asset allocation

Estimate the standard deviation of Bank A's asset allocation proportions relative to the national benchmark.

  Computing present value of stock by retention rate on equity

Retention rate and experience the return on equity of 14%. The required rate of return for investor is 12.5%. Compute the present value of the stock is?

  Portfolio of stocks and bonds

Commodity can be used as a good hedge against inflation if being included in a portfolio of stocks and bonds. Explain

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd