"The amount of time it takes each company to deliver orders to retailers, measured in weeks, and the number of stores that carry each company's footwear brand. The proper response is Option 2.
The required details for brand in given paragraph
Any attribute that sets one seller's good or service apart from that of other sellers is referred to as a brand. This could be a name, word, design, symbol, or anything else. To the advantage of the brand's clients, its owners, and its shareholders, brands are used in commerce, marketing, and advertising to gain recognition and, more crucially, to build and store value as brand equity for the object designated. Sometimes it's possible to tell retail brands apart from generic ones.
Branding is said to have started with the ancient Egyptians, who are known to have engaged in the literal meaning of the term, which is to mark by burning.
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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