Your holiday ski vacation was great but it unfortunately

Assignment Help Finance Basics

Reference no: EM13618791

Your holiday ski vacation was great, but it unfortunately ran a bit over budget. All is not lost. You just received an offer in the mail to transfer your $5,000 balance from your current credit card, which charges an annual rate of 18.7 percent, to a new credit card charging a rate of 9.4 percent. You plan to make payments of $510 a month on this debt. How many less payments will you have to make to pay off this debt if you transfer the balance to the new card?

Reference no: EM13618791

Questions Cloud

Calculate the superconducting energy gap predicted by the : calculate the superconducting energy gap predicted by the bcs theory for a superconductor at t 0k whose critical

You have your choice of two investment accounts investment : you have your choice of two investment accounts. investment a is a 5-year annuity that features end-of-month 2500

What length of pipe produces a head loss equivalent to a a : air at standard temperature and pressure flows through a 1-in.-diameter galvanized iron pipe with an average velocity

An electron enters a region of space containing a uniform : an electron enters a region of space containing a uniform 0.0000163-t magnetic field. its speed is 109 ms and it enters

Your holiday ski vacation was great but it unfortunately : your holiday ski vacation was great but it unfortunately ran a bit over budget. all is not lost. you just received an

Determine the entropy change of the water in kjkg middotk : two kilograms of saturated water vapor at 600 kpa are contained in a piston-cylinder device. the water expands

A calculate the work done by fx when the object moves in : an object is being pulled toward the origin. the force pulling on the object is fx -kx2 gravitational and electrical

A stock is expected to pay a dividend of 225 the end of the : a stock is expected to pay a dividend of 2.25 the end of the year that is d1 2.25 and it should continue to grow at a

A sphere with constant velocity passes through a photogate : a sphere with constant velocity passes through a photogate. determine the speed of the sphere as it passes through the

User Account

All Pages