+0  
 
0
23
0
avatar

Davis owns a moving business and one of his trucks needs a new transmission along with some other repairs that will cost a total of $4785. He can use his credit card with an annual rate of 15.9% compounded daily that offers 2% cash back on all purchases made on the card or he can sign up for with a new card company that is offering a $100 rebate the first time the card is used. This card has an annual rate of 14.2% compounded daily. Which card would be less expensive and by how much less if he can afford to pay back $350 per month? Both the cash back and rebate are a cheque sent in the mail. They do not affect any of your inputs for part (a) or (b), only in part (c). (use your financial application and fill in the appropriate inputs)

 
Guest Oct 12, 2017
edited by Guest  Oct 12, 2017
social bar
Sort: 

0+0 Answers


9 Online Users

avatar
avatar
avatar
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details