Jerry has a credit card debt of $15,600 that he would like to reduce by applying $8,500 of his inheritance money to the balance.
In addition, he would like to modify his debt payment plan to pay off the remaining balance in 24 months rather than 60 months. His credit card has an APR of 18%. How much will these changes save Jerry in finance charges (interest)?
First we need to solve the finance charge without the changes. B = A (1 + ti) where t is the number of years, 60 months or 5years i is the interest rate per year, 18% or 0.18 A is the principal amount, %15,600 B is the amount after t years so, B =$15,600 ( 1 + 0.18 x 5 ) B = $15,600 ( 1 + 0.9 ) B= $15,600 (1.9) B= $29,640. The finance charge without the changes is $29,640(amount after 5 years) - $15,600(principal amount) = $14,040.
Applying the changes, the principal amount would be $15,600 - $8,500 = $7,100, the number of years will be 2 years (24 months)in equation B = $7,100 (1 + 0.18 x 2) B = $7,100 (1 + 0.36) B = $7,100 (1.36) B = $9,656, the finance charge with the changes is $9,656 - $7,100 = $2,556.
The changes Jerry made can save $14,040 - $2,556 = $11,484.
<span>Communication, as well as being necessary, it like the entire human experience is subjective the the individual's perspective of the specific event and of their life experiences in general.</span>
Based on the text, the patriot act of 2001, which expanded government surveillance measures in order to combat terrorism, is the statement the author most likely agree with.
The Patriot Act is a U.S. law enforcement to detect and deter terroris enacted shortly after 9/11 attack, this act allows the government to conduct widespread surveillance and obtain a secret court order requiring third parties, such as telephone companies, to hand over any personal information without the consent of the owner. This act violates the Fourth Amendment, which says the government cannot conduct a search without obtaining a warrant and showing probable cause to believe that the person has committed or will commit a crime.
The answer is "<span>The Fourth Stage of Globalization (stateless corporation)". </span>
Lenovo, the Chinese computer manufacturer, which turned into a worldwide brand in 2005 is a case of stateless enterprise. The global or stateless stage of corporate global advancement goes past any single home nation. These organizations work in evident worldwide design, making deals and acquiring assets in whatever nation that covers the best openings and most minimal cost.
Health psychology is a specific area that focused on different areas such as biology, psychology, and sociology. These factors influence the mental illness and health of a person.
The other field such as behavioral medicine and medical psychology both areas work in health psychology. In psychology both health and illness affected by may factors.
But on the other hand, health and hereditary contagious are the common terms used in mental illness. Many of the behavioral and psychological factors that affect the mental illness of a person.
Thus health psychology is the different sub-field of the psychology that affects the psychological factors that contribute to health, illness and the recovery of a person.
Authoritative parenting refers to the pattern of parenting in which responsiveness play a major role. The authoritative parents set limits on the demands of the children by constructing a boundary. This helps in constructing self-control in the children and prepares them to build cooperation among their peers. They also become competent enough to explore the world without any fear.
