If Arden cannot offer competitive or higher wages than the telemarketing firm, it needs to determine if its current employees are satisfied with the intangible aspects of their jobs. Statements are true.
What is the statement?Statements are sentences that express a fact, cognitive content, or opinion. Statements do not ask enquiries, make requests or give speech act. They are also not utterances.
Arden Insurance's claims processing facility, he cannot offer competitive or higher wages than the telemarketing firm, it needs to determine if its current employees are satisfied with the intangible aspects.
Therefore, The right option (C) is correct.
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A credit card holder owes $5,498 on a credit card with a 26. 99% interest rate compounded monthly. Assuming no additional purchases are made with the card, what is the monthly payment the cardholder should make to pay off the debt in 5 years? round your answer to the nearest penny. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.
The monthly payment that the credit card holder should make to pay off the debt in 5 years is $167.85.
What is a credit card?A credit card is typically used to replace cash or checks and offers an unsecured revolving line of credit. Depending on the terms of the cardholder agreement, the borrower is required to pay at least a portion of the card's outstanding balance each billing cycle.
The formula for calculating the annuity payments is-
PV = PMT/i[1 - {1/(1+i)ⁿ]
where, PV denotes the amount borrowed.
PMT stands for monthly payment,
I for interest rate (interest rate % divided by 12), and
n for the number of months (term of the loan in months)
Given information,
PV = 5498
n = 60
i = 0.2699/12 = 0.02
PMT={PVi(1+i)ⁿ}/{(1+i)ⁿ−1}
PMT = {5498(0.02)(1 + 0.02)⁶⁰/{(1 + 0.02)⁶⁰ - 1}
= $167.85
Therefore, $167.85 is the monthly payment for the cardholder.
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Answer: $167.85
Explanation:
It is correct the person above got it right