Which is the lower rate, You could put it on your credit

Which is the lower rate

Reference no: EM13181580

You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15%APR, compounded monthly, or borrow the money from your parents, who want an 8% interest payment every six months. Which is the lower rate?

Reference no: EM13181580

Questions Cloud

Psychological perspective : From a psychological perspective, becoming an adult means interacting with the world in a fundamentally different way. Cognitively, young adults think in different ways than do adolescents (Kitchener, King, & DeLuca, 2006).

What is the amount of the cash flow to stockholders : The firm spent $24,000 on fixed assets and decreased net working capital by $1,330. What is the amount of the cash flow to stockholders?

Determine companys minimum acceptable rate of return : In March of year 2020, the Performance Marketing Company begins construction on a new warehouse.. This warehouse operation will be the only business activity of this new company (thus this is a small company with no other taxable income besides th..

What would be the price of bond a : Why is the yield on bonds A and B 5%? Why is the yield on bond C different and what would be the price of Bond A?

Which is the lower rate : You could put it on your credit card, at 15%APR, compounded monthly, or borrow the money from your parents, who want an 8% interest payment every six months. Which is the lower rate?

Most environmental hazards-like infectious pathogens : Most environmental hazards, like infectious pathogens, must reach human hosts if they are to cause harm. Think of five or more environmental agents that can cause disease in humans and, for each, describe two or more routes by which people might be e..

Safety valve that opens if the internal pressure exceeds : A 1L steel tank is fitted with a safety valve that opens if the internal pressure exceeds 850 torr. It is filled with helium at 23 oC and 0.991 atm and placed in an oil bath.

State correctional system or even victimless crimes : The senator has recently been focusing on the state correctional system that seems to be a constant target of criticism for an increasingly vocal number of civil libertarian groups. In addition, some recent charges of abuse at a local jail have also ..

State lactic acid and assume that the solid was dissolved : what is the pH of the resulting solution after the nuetralization reaction (that is after the required amount of NaOH is added to the lactic acid)? Use a Ka of .00014 for lactic acid and assume that the solid was dissolved in 15.0 mL of distilled ..

User Account

All Pages