How much will she pay annually to her credit card company

Reference no: EM131306153

Credit Card Balance:- Eileen is a college student who consistently uses her credit card as a source of funds. She has maxed out her credit card at the $6,000 limit. Eileen does not plan on increasing her credit card balance any further, but has already been declined for a car loan on a badly needed vehicle due to her existing credit card debt.

Her credit card charges her 20% annually on outstanding balances. If Eileen does not reduce her credit card debt, how much will she pay annually to her credit card company?

Reference no: EM131306153

Questions Cloud

How much interest would she pay : How much interest would she pay (annualized) if she does not pay off her credit card balance?- How much interest will she lose if she writes the check out of her money market account? Should she write the check?

Which link is the bottleneck now : What is the throughput between the source and destination after these changes? Which link is the bottleneck now?

Are there any product quality dimensions related to decision : What social costs are incurred when a company moves domestically or overseas?What role do local and national government incentives, laws, and regulations play in a decision like this one?Are there any product quality dimensions related to this decisi..

What will the total of troys new balance : What will the total of Troy's new balance be on his next credit card statement, taking into account finance charges?

How much will she pay annually to her credit card company : Her credit card charges her 20% annually on outstanding balances. If Eileen does not reduce her credit card debt, how much will she pay annually to her credit card company?

Variable with respect to number of units produced of product : Whippany manufacturing wants to estimate costs for each product they produce at its Troy plant. The Troy plant produces three products at this plant, and runs two flexible assembly lines. Each assembly line can produce all three products. Classify ea..

How much will she pay annually to her credit card company : How long would it have taken Eileen to save for the outright purchase of the car if she did not have any credit card debt and used the interest payments to save for the purchase of the car?

Define pm standards and metrics in context of the pmo : Identify the types of PM standards needed, designate which are the most important two or three standards for successfully establishing a PMO, and explain why.Describe three key metrics needed to guide a new PMO.Identify the information technology n..

Advantages and disadvantages for sme to implement greer : What are the advantages and disadvantages for SME to implement Greer, Supply Chain Management? Explain with relevant example of a SME that has successfully implemented green supply chain in their business process

User Account

All Pages