Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. Alicia insurance will pay 40,500 before she actually reduced her policy from $50,000 to $25,000.
When she actually reduced her policy from $50,000 to $25,000, she will have to pay 15,500 by herself and 25,000 from her insurance.
What is collision deductible?
The collision deductible is the sum that you agree to fork out before your insurance company begins to pay the rest of the approved costs to repair or replace your car.
A smaller deductible typically entails greater monthly payments. A low deductible entitles you to more insurance coverage from your provider and lower out-of-pocket expenses in the event of a claim. A higher deductible result in lower insurance premium costs.
To know more about collision deductible, click here- brainly.com/question/9266921
#SPJ4
this type of irrigation is often used by small-scale farming operations, and it requires extensive labor to set up individual irrigation lines.
Drip irrigation is a type of irrigation that is commonly used by small-scale farming operations and requires a lot of labor to set up individual irrigation lines.
Irrigation is the agricultural process of applying controlled amounts of water to land to aid in crop production as well as the growth of landscape plants and lawns, where it is also known as watering.Agriculture that relies only on direct rainfall and does not use irrigation is known as rain-fed agriculture.
Irrigation aids in the growth of agricultural crops, the preservation of landscapes, and the revegetation of disturbed soils in dry areas and during periods of below-average rainfall.
To know more about irrigation, click here.
https://brainly.com/question/18436794
#SPJ4
in typical projects, the most frequently occurring conflict experienced by the project manager is question options: personalities. manpower and resource loading. schedules and project priorities. budgeting and costs.
Budgeting and costs are the most frequently occurring conflict experienced by the project manager in typical projects. Therefore, the option D holds true.
A project manager can be referred to or considered as an individual who has been assigned with the task of management of the duties and functions related to a project. Moreover, a project manager has to manage the conflicts that happen within the regular course of operations in typical projects, which are under his or her jurisdiction of control.
Learn more about a project manager here:
https://brainly.com/question/29023210
#SPJ4
a marginal cost pricing rule for a natural monopoly sets marginal cost equal to group of answer choices minimum average variable cost. marginal revenue. average cost. price. the smaller of price or marginal revenue.
The partial derivative of the cost function with respect to output; the rise in cost that occurs along with a unit increase in output. One more unit of product produced at an additional cost.
In economics, the technique of fixing a product's price to cover the additional expense of generating an additional unit of output is known as marginal cost pricing. This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.
This is so because the price does not change despite changes in output levels. In a monopoly, marginal revenue will always be equal to or less than average revenue because the price fluctuates as the amount sold fluctuates.
To know more about marginal cost, refer:
https://brainly.com/question/7781429
#SPJ4
fashion, inc. had a retained earnings balance of $12,000 at december 31, 2021. the company had an average income of $6,500 over the next 5 years, and an ending retained earnings balance of $13,000 at december 31, 2026. what was the total amount of dividends paid over the last five years?
Answer:
19,500
Explanation:
15,000 = 12,000 + 225,000 - Dividends
15,000 = 345,000 - Dividends
Dividends = 345,000-15,000
= 19,500
75,000 * 3 years = 225,000
20,000 dollars in dividends have been distributed over the past three years.
A company pays dividends to common stockholders in the form of cash dividends and stock dividends. The company's net income is used to pay out the cash dividend.
Two-year total income is equal to the average income divided by two. Two-year total income is $7,000 divided by two. Two-year total income is $14,000.
Equation: Beginning retained earnings balance plus net income divided by dividends equals ending retained earnings balance > Beginning retained earnings balance plus net income divided by dividends equals ending retained earnings balance > Beginning retained earnings balance plus net income divided by dividends equals ending retained earnings balance Dividends $ 14000 plus ($7000 divided by three years) divided by $ 15,000 equals dividends for three years $ 20,000 equals dividends for three years 20,000 dollars in dividends have been distributed over the past three years.
To learn more about dividends here
https://brainly.com/question/29510262
#SPJ4
Full Question = Fashion, Inc. had a Retained Earnings balance of $14,000 at December 31, 2021. The company had an average income of $7,000 over the next 3 years, and an ending Retained Earnings balance of $15,000 at December 31, 2024. What was the total amount of dividends paid over the last three years?
Sebastian and mia want to buy a home valued at $250,000. The property tax for this location is 1%. Based on the current value of the home, what would their property tax be?.
Their annual property tax will be $25,000
How Do Taxes Work?
Taxes are compulsory payments made by such a government organization, whether local, region, or international, onto people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Medicaid as well as public infrastructure and services like roads and schools.
Briefing:
Given : Sebastian and Mia want to buy a home valued at $250,000. The property tax for this location is 1%.
To find : what would their property tax be.
Solution : We have given that home valued at $250,000.
tax for this location is 1%.
Tax for home is 1% of 250000
Then tax for property = .
Tax =$ 2,500.
To know more about tax visit:
https://brainly.com/question/16423331
#SPJ4
Answer: The answer is D
Explanation:
as medical tourism grows, hospitals outside the united states are promoting services that include the surgery, doctors' fees, and recuperative stays in resorts for one price. this pricing strategy is: a. bundled pricing. b. price leader. c. leader pricing. d. price lining.
The Correct Option is A. as medical tourism grows, hospitals outside the united states are promoting services that include surgery, doctors' fees, and recuperative stays in resorts for one price. this pricing strategy is bundled pricing.
In package pricing, agencies promote a package or set of goods or offerings for a decreased fee than they might price if the customer sold all of them one after the other. famous examples are new car choice packages, cost meals at restaurants, and cable tv channel applications.
whilst fee bundling, businesses will promote two products together at a decreased charge than the sum of the person's charge for each product. common package pricing examples are cable tv and cell plans and speedy food eating place fee meal combos.package deal pricing is constructed on the idea of customer surplus. every customer has a price that he's inclined to pay for a specific suitable provider. If the fee you place is equal to or lower than what the purchaser is inclined to pay, the patron will purchase, as he considers the price a good buy.
To learn more about Bundled pricing visit here:
brainly.com/question/28385126
#SPJ4
You sell each bracelet for $200, with variable costs at $100 per unit. when you deduct the $100 costs from the selling price of each unit, what remains is the per-unit contribution to _______ costs.
We promote each bracelet for $200, with the variable cost of $100 in line with the unit. whilst we deduct the $100 charges from the selling fee of each unit, what stays is the according-to-unit contribution to the interrupt-even cost.
whilst the price charged is certainly greater than or less than the equilibrium price set by using market forces of both demand and supply, it's far known as a fee floor decrease fee floors have indeed been verified to be unsuccessful via commentary. The relevance of the rate floor inside the exertions market has been determined. whilst you input right into a rate conflict with one in every one of our opponents, like in the instance above. throughout this pricing warfare, your floor charge might be $100.
Manufacturing facility price saves the seller cash on transport fees and administration whilst passing the threat of loss on to the buyer.
Learn more about cost here
https://brainly.com/question/23282485
#SPJ4
if labor productivity in the health care industry rises very slowly relative to wages and salaries in the industry this would tend to
If labor productivity in the healthcare industry rises very slowly relative to wages and salaries in the industry, this would tend to increase the cost of healthcare.
What is labor productivity?The quantity of products and services produced by each worker, or the output per unit of labor, is measured by labor productivity. An economy's hourly production is gauged by labor productivity. It specifically shows how much real gross domestic product (GDP) is generated in a given hour of labor.
Three primary variables are necessary for increasing worker productivity: saving for and investing in physical capital, new technology, and human capital. By directly investing in or establishing incentives for improvements in technology and human or physical capital, business and government may raise labor productivity of workers.
Learn more about labor productivity, here:
https://brainly.com/question/13384134
#SPJ1
Does a genuine free market require restrictions on the ability of predator multinationals to create monopolies?
Technically, a genuine free market does not require restrictions of any kind.
A market is a place where buyers and dealers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be physical like a retail outlet, or virtual like an e-store. Different examples consist of illegal markets, public sale markets, and financial markets.
In marketing, the time period market refers to the institution of consumers or organizations that is interested in the product, has the sources to buy the product, and are permitted by regulation and different guidelines to gather the product.
Financial market structures may be grouped into four classes: best competition, monopolistic competition, oligopoly, and monopoly.
Learn more about Market here:-https://brainly.com/question/25754149
#SPJ4
Which one of the following is not necessary in order for a corporation to pay a cash dividend?Question options:a. Sufficient Retained earningsb. Sufficient cashc. Formal action of the board of directorsd. Declared dividends
Declared dividends is not necessary in order for a corporation to pay a cash dividend. Option D.
What is meant by a dividend?A dividend is a gift that a business delivers to its shareholders, whether it be cash or something else. Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a firm determines its dividend, which requires shareholder approval.
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
Read more on dividend here: https://brainly.com/question/2960815
#SPJ1
which of the following is an advantage of a chase production strategy (as compared to a level plan)? question 8 options: low investment in equipment. high inventory carrying cost. lower inventory investment. all of these selections.
Lower inventory investment is an advantage of a chase production strategy (as compared to a level plan).
In chase plans, production rates are equal to demand, so inventory does not accumulate during periods of low demand. The idea that you are chasing after the demand that the market has established is known as the chase strategy. Production is coordinated with demand and leaves no product on the shelf. This lean production method conserves money up until a customer's order is placed.
A corporation must be able to easily modify its output level, which means that it must be able to easily adjust its capacity, in order to utilize a chasing strategy. Such modifications might be possible in some industries where the availability of additional labor is a major determinant of capacity.
Learn more about chase production strategy here:
https://brainly.com/question/28788924
#SPJ4
budgeting and saving math quiz question 7 of 10: you have budgeted $850 per month for rent. your landlord has just informed you that your rent is being raised by 5% now and another 5% on december 1st. what will your rent be at the end of this year?
The rent at the end of the year would be $937.12 using budgeting and saving.
Increase in rent by 5% when initial rent was $850
New rent= initial + increased
= 850 + 5%
= 892.5
Another incease of 5% in december on $892.5
Final rent= new rent + increase
= 892.5 + 5%
= $937.12
Budgeting and saving- Making a budget, which is an estimate of your projected income and expenses for a specific time period, is the act of budgeting. Savings, also within a specified time frame, is the money that is left over after your costs have been deducted from your income.
It's a pro-active strategy for managing your money. Budgeting allows you to plan for both short-term and long-term expenses by ensuring that you aren't spending more than you are earning. It's a simple, practical approach for people with different kinds of expenses and income to manage their money.
For more information on budgeting and surplus visit:
https://brainly.com/question/19267783
#SPJ4
Flint corporation borrowed $1,092,000 from central bank on may 31, 2019. The 3-year, 7% note required annual payments of $416,108 beginning may 31, 2020. Interest expense for the year ended december 31, 2019 was.
Interest expense for the year ended December 31, 2019, was $387,400.
Interest expense is the cost associated with borrowing money. It is usually calculated as the amount of interest paid on any outstanding debt during a given period of time.
The interest expense for the year ended December 31, 2019 can be calculated as follows:
Interest expense = Principal x Interest rate x Time period
Interest expense = $1,092,000 x 0.07 x (7/12)
Interest expense = $387,400
Therefore, the interest expense for the year ended December 31, 2019, was $387,400.
For more questions like Interest expense click the link below:
https://brainly.com/question/14139633
#SPJ4
the market in which households supply their savings to firms that demand funds in order to buy capital goods is the market. a. money b. savings c. investment d. capital
On the capital market, individuals give their savings to businesses who need them to purchase capital products.
How do capital goods work?Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.
Is money a strategic good?Consequently, since money is "the" good used during exchange, exchange reduces the value of goods from upper to the lower order, and manufacturing reduces the value of products from greater to lesser sequence, money is also a producer's good. Money is a capital decent used in exchange, exchange reduces the value of goods from lower to higher order, and manufacturing reduces the value of products from to lower order.
To know more about capital goods visit:
https://brainly.com/question/18849286
#SPJ4
ms. ruang, a single taxpayer, purchased her principal residence on august 19, 2022 and financed the purchase with a mortgage secured by the residence. in 2022, the average balance of the mortgage was $817,000, and ms. ruang paid $35,000 of mortgage interest. how much of this interest is an itemized deduction?
The interest that is an itemized deduction is $32,130. Original or anticipated mortgage balance.
Original or anticipated mortgage balance. Up to $1,000,000 in mortgage debt can be written off by taxpayers as a deduction for interest paid on first and second mortgages (if married and filing separately, the cap is $500,000). Over this sum, interest on first or second mortgages is not tax deductible. Our calculator restricts your interest deduction to the interest payment that would be made on a $1,000,000 mortgage. The smaller of $100,000 or the sum of your property's market value less any existing debt is the maximum on the amount of interest on home equity debt that can be deducted. Please don't borrow more than this amount for home equity loans as you can overestimate your tax savings.
Know more about mortgage here:
https://brainly.com/question/15074748
#SPJ4
Charging high prices for a new product to earn large profits during a time when there is little competition represents a __________ strategy.
Charging high prices for a new product to earn large profits during a time when there is little competition represents a skimming strategy.
Skimming pricing strategySkimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.
Price skimming exampleAn example of price skimming is Apple's iPhone, using a high pricing strategy during its initial launch. After competitors release rival products, such as the Samsung Galaxy, the price of the iPhone drops so that the product maintains a competitive advantage.
Other examples of products that use this strategy are PlayStation 5 de Sony or Nike sports shoes.
To learn more about skimming pricing strategy, click here:
https://brainly.com/question/29666800
#SPJ4
______ is a technique in which data is gathered about individuals and used to "serve up personalized messages to prospective voters."
Microtargeting is a technique in which data is gathered about individuals and used to "serve up personalized messages to prospective voters."
What is data?Data is a set of discrete values that transmit information, such as amount, quality, fact, statistics, or other fundamental units of significance, or simply sequences of characters that may be interpreted further. A datum is a single value inside a set of data.
Microtargeting, which is frequently employed by political parties and election campaigns, comprises direct marketing data mining methods such as predictive market segmentation. Therefore, it can be concluded that Microtargeting is the correct option for the given blank.
A technique in which data is gathered about individuals and used to "serve up personalized messages to prospective voters" is called as Microtargeting.
Learn more about data here:
https://brainly.com/question/10980404
#SPJ1
miss young earns $720 a week she spent 1/3 of her money on groceries and household goods and 3/4 of the remaining money on clothes how much money does she spend all together on groceries household goods and clothes
The total money spent is $600
Money earned by young = $720
Money spent on groceries = 1/3
Money spent on clothes = 3/4
The total amount may refer to the sum of all the money that is involved in a particular transaction or series of transactions.
Calculating money spent on groceries -
= 1/3 × 720
= 240
Calculating money spent on clothes -
= 3/4 × 720
= 360
Therefore,
Total amount spent = Amount spent on groceries + Amount spent on clothes
= 240 + 360
= 600
Read more about the amount on:
https://brainly.com/question/19104371
#SPJ4
As robo advisors matured, it became clear that sometimes they could do an effective job by themselves. Group of answer choices true false
As Robo-advisors mature, it is clear that they can do an effective job by themselves. This statement is true.
Robo-advisors are digital financial platforms that provide automated, financial planning services with little to no human supervision. They ask questions about an individual's financial situation and future goals through an online survey; it then uses the data to offer advice and automatically invest for the individual.
They are often inexpensive and require low opening balances, making them available to retail investors. They are best suited for traditional investing and make use of modern portfolio theory.
They are more accessible, they hold the same legal status as human advisors, and reduce the influence of human advisors. They make money on the interest earned on cash balances.
To know more about Digital financial platforms,
brainly.com/question/28558480
#SPJ4
cash flows from activities include both inflows and outflows of cash from the external funding of a business. t or f
True. The process of making payments or receiving payments for purchases made through the provision of goods and services is known as cash flow.
Therefore, the given statement is true.
The process of making money through money in various forms is known as cash flow in the business.
For instance, the Bater system involved a flow of materials that were exchanged. However, money flow or cash flow is an exchange of cash during the purchase or provision of goods and services.
Therefore, knowing the process of channeling money into the economy, enterprise, or society constitutes cash flow.
To know more about Cash flow visit:
https://brainly.com/question/10922478
#SPJ4
All of the following are signs of Chick-fil-A’s organizational values except its
Multiple Choice
financial contributions.
company’s stated purpose.
statements of principles.
store logo.
Except for its shop emblem, Chick-fil-organizational A's ideals are represented through signage, according to the statement.
How can I locate the appropriate shop logo?Shop logos are, to put it simply, visual representations of the core values of your company. It's important to choose your logo carefully because it will come to represent your brand. Accessibility to a library full of store logos made by qualified designers from all over the world is available through BrandCrowd. Choosing the ideal store logo is just as simple as exploring the library, tweaking the logos to your satisfaction and downloading. Remember that a clean logo using three or less colors and basic typography is more effective and noticeable.
Can I immediately download my store's logo?Yes. Once you've designed the ideal shop logo, it's time to
To know more about store logo visit:
https://brainly.com/question/17652169
#SPJ4
In the Breakthrough Energy Catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
a. Sustainable Aviation Fuel
b. Green Hydrogen
c. Direct Air Capture
d. Long-duration Energy Storage
In the Breakthrough Energy Catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into Sustainable Aviation Fuel. The correct option is (a).
What do you mean by the biological inputs?A living organism or ingredient of biological origin (such as nettle dung), as opposed to elements of synthetic or mineral chemical origin, is referred to as a biological input when it is added to a farm or livestock facility to help improve productivity.
SAF, a biofuel having qualities similar to those of regular jet fuel but a lower carbon footprint, is used to power aero planes.
In comparison to traditional jet fuel, SAF can significantly lower life cycle GHG emissions depending on the feedstock and methods utilized to create it.
Therefore, in the Breakthrough Energy Catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into Sustainable Aviation Fuel.
To know more about the biological inputs, visit:
https://brainly.com/question/2450622
#SPJ1
deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in
a. penalties and damages
b. penalties only.
c. damages only.
d. none of the choices.
Deep Earth Extraction Inc. action of discharging waste from its facility into a nearby body of water in the Bay will result in penalties and damages. The correct answer is a.
The United States government formed a Federal government agency called Environmental Protection Agency (EPA) that is in charge of the environment in December 2, 1970 under president Nixon administration. Its creation was a response to the increasing concerns about pollution and toxic waste which is being dumped by industries and also to protect the nation's water and its biodiversity from chemical and biological pollutants.
Environmental Protection Agency (EPA) passed a Clean Water Act that regulates the discharge of toxic pollutants into the nation's water as well as regulates the standard for dumping waste water for all industries in order to minimize the damages caused by the toxic waste. Failure to comply with the Clean Water Act will result in penalties as well as criminal prosecution.
To learn more about the Environmental Protection Agency visit: https://brainly.com/question/14956213
#SPJ4
the primary reason for corporate america's interest in community health is: a. lack of access to health care. b. the concern for national health insurance. c. minimize the cost of health care. d. the mal distribution of health care.
The primary reason for corporate America's interest in community health is to minimize the cost of healthcare. So option c. is correct.
Community Health is the collective well-being of the community members. In addition to living in the same neighborhood or region, these populations often share health characteristics, ethnicities, and socioeconomic conditions. Community health programs address disparities by ensuring equitable access to health resources.
In order to improve the health of Americans and help foster a more sustainable and equitable prosperity, the Office of the Surgeon General is implementing an initiative called "Community Healthy and Economic Prosperity." It focused on engaging businesses to be community change-makers and forces for health in their communities.
Learn more about community healthcare here:
https://brainly.com/question/3168251
#SPJ4
olivia decides to forgo a third slice of pizza and eats an ice cream cone instead. this behavior exemplifies the economic concept of:
Olivia decides to forgo a third slice of pizza and eats an ice cream cone instead. this behavior exemplifies the economic concept of altruism.
Neoclassical economics holds that rational humans will go to any lengths to increase their own wealth. However, people are regarded as acting kindly when they give up something for the sake of others without anticipating compensation for themselves.
For instance, some businesses would hire employees even if they are not required. They don't want to cause unemployment, which is why. Additionally, companies may not aim to maximize revenues. Other goals that businesses may have include those related to the environment, charity, and social responsibility.
To know more about economics click here,
https://brainly.com/question/17996535
#SPJ4
which type of industry structure does costco fall under? (perfect competition, monopoly, monopolistic competition or oligopoly? explain.
The Costco market is an effective monopoly with certain rivals, including such Walmart and Amazon, and that first stumbling blocks.
Costco warehouses have always had the following characteristics: Low margin warehouses are spread across many nations.
Costco warehouses handle bulk packing.
Major ingredients are available at Costco warehouses.
Indeed, there is an oligopoly between Pepsi and Coca-Cola in global market share. They are delivering uniform goods throughout the real economy.
The entrance restrictions and operating costs for sugary drink dissemination businesses are significant.
Distributing uniform goods to customers are a few merchants' main focus.
Oligopolistic businesses decide the cost of their goods.
To know more about Oligopolistic click here
brainly.com/question/27971842
#SPJ4
The authors of both documents write about the same event in different ways due to?
Due to information gaps and author prejudice, the authors of the two texts present the same event in different ways. Both records are secondary sources. Due to information gaps and author prejudice, the authors of the two papers describe the same event in distinctly different ways.
What is prejudice?
Laws and other original documents are examples of primary sources. newspaper articles written by reporters who really saw the event. A certain degree of agreement can be reached by comparing the accounts of the same event given by many narrators. Author participated in or saw the event, but see the event Usually written simultaneously with or shortly after the incident, The writers of both papers discuss the same topics.
To learn more about prejudice from given link
brainly.com/question/29834934
#SPJ4
find the cost per meal if you serve 120,000 meals, spend $46,000 in food purchases and $1250 worth of food was removed from the inventory.
The cost of a dinner If you spend $46,000 on food purchases and $1250 worth of food is taken out of the inventory while serving 120,000 meals
= 120036.8
Total Cost = (Fixed Cost + Variable Cost) / Number of Units Produced.
= 120,000+$46,000/$1250 =120036.8 .In economics, the cheapest way to create a specific quantity of product is called total cost (TC). The fixed cost of production, which is unaffected by the quantity of a good produced and includes inputs like buildings and machinery, possibly including sunk costs, and the variable cost, which varies with the quantity of a good produced and includes inputs like labor and raw materials, make up the total economic cost of production. In economics, the total opportunity cost of each manufacturing factor is accounted for as one of the fixed or variable costs in the total cost. The additional overall cost incurred by an additional unit of output is known as the marginal cost.
Learn more about Total Cost from
brainly.com/question/25109150
#SPJ4
if diamond, a corporate recruiter, wants to selectively recruit passive job candidates, she should utilize the linkedin social media network.
True or False
If diamond, a corporate recruiter, wants to selectively recruit passive job candidates, she should utilize the LinkedIn social media network. This statement was the truth. Therefore, option (a) is correct.
What is job?A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working.
According to the case was the based on the diamond, was the searching the candidate for the job are the best method to the approach the candidates are utilize the social media network are the more quickly response. There was the true social media network,
As a result, it was true in the statement. Therefore, option (a) is correct.
Learn more about on job, here:
https://brainly.com/question/29582659
#SPJ1
fifteen years ago a couple purchased a house for $190,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 4.12% compounded monthly. (a) find the monthly payment for this loan.
According to the given information, The monthly payment for this loan is $735.86
For a loan with principal P, a monthly interest rate r, and a total number of payments T, we can use the following formula to determine the monthly payment: [tex]\frac{Pr}{1-(1+r)^-^T}[/tex]
In this case, the borrowed amount is 190,000 × (1 - 20%) = 152,000. There are 360 payments total because of the 30-year term. The interest rate for the month is 4.12% / 12. With the use of the calculation, the monthly payment is: [tex]\frac{(152000)(4.12percentage/12)}{1-(1+4.12 percentage/12)^-^3^6^0}[/tex] = 735.86
In order to maintain good standing with a credit card issuer, a borrower must make at least the minimum monthly payment on a revolving credit account each month.When compared to consumers who make more than the minimum payment each month, those who just make the minimum payment each month will end up paying more interest and taking longer to pay off their loans.As long as they are in good standing and have no delinquencies, revolving credit accounts let customers keep their balances open indefinitely.Non-revolving credit accounts pay the borrower a principal sum upon loan approval and demand that they repay the principal plus interest in accordance with a predetermined payment plan.Learn more about Monthly payment, here
https://brainly.com/question/22803498
#SPJ4