Natasha had a $922. 93 balance on her credit card at the beginning of September. Her credit card has an APR of 9. 89%, compounded monthly, and a minimum monthly payment of 3. 08% of the total balance. The following table shows Natasha’s credit card purchases over the next two months. Month Cost ($) September 33. 70 October 61. 70 October 27. 80 If Natasha makes only the minimum payments, what will her balance at the beginning of November? (Assume that the interest accrues before the monthly payment, and that the monthly payment occurs at the end of the month. Round all dollar values to the nearest cent. ) a. $1,180. 48 b. $1,064. 55 c. $1,000. 93 d. $1,123. 97.
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Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
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Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
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Natasha had a $922. 93 balance on her credit card at the beginning of September. Her credit card has...
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