Business, 22.05.2021 07:40 olgapagan1010

1. If you're using the Snowball Method, which debt do you focus on made all of your minimum payments? Options:
A. Highest balance
B. Lowest interest rate
C. Lowest balance
D. Highest interest rate

2. If you're using the High Rate Method, which debt do you focus on first after you've made all of your minimum payments ?
A. Lowest interest rate
B. Highest interest rate
C. Highest balance
D. Lowest balance

3. If the High Rate Method makes the most mathematical sense, why do you think someone might use the Snowball Method instead?
A. it saves more money in interest
B. it increases the number of debts you have to repay
C. It increases the number of monthly payments you need to make
D. It is behaviorally motivating

4. Regardless of which method you choose , why is it important to pay at LEAST the monthly minimum payment on every debt ?
A. Your credit history is erased and you have a "thin file".
B. Federal and state governments can increase your taxes if you don't make the minimum payment.
C. You will have to pay tees and your credit score will decrease.
D. Your credit score will increase by at least 30 points.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 00:30

How did lani lazzari show her investors she was a good investment? (site 1)

Answers: 3

Answer

Business, 22.06.2019 06:20

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

Answers: 2

Answer

Business, 22.06.2019 10:00

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Answers: 1

Answer

Business, 22.06.2019 20:00

Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.

Answers: 1

Answer

You know the right answer?

1. If you're using the Snowball Method, which debt do you focus on made all of your minimum payments...

Questions