Abdul has a debit card linked to a checking account with an available balance of $1480.He also owes $1030 on his credit card, which has a credit limit of $2400.Use this information to answer the questions below.(a) Abdul is going to purchase an item with his debit card.What is the most he can spend?$0(b) Abdul is going to purchase an item with his credit card.What is the most he can spend?$(c) Suppose an item costs $1400. Which card can be used for the entire purchase?Select all that apply. If neither card can be used, check "Neither".Debit cardn Credit cardn NeitherXŚ

Data given: Checking account balance=$1480 Amount owed to credit card= $1030 Credit card limit=$2400

Answered: Abdul has a debit card linked to a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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2 Anna needs S100 in cash to go home for the weekend, and all she has is a credit card. Her cash advance fee is S10 and the credit card company charges a 3% fee. She decides to get a cash advance. aosa a How much will the cash advance cost her? b Given the fees that were charged, what is the true cost as a percentage of the Sl00 for Anna to get a cash advance? e Anna does not use her credit card for anything else and she pays off the $100 cash advance plus fees in six months by making payments of S19.83. Her credit card company charges 18% APR. Create an amortization schedule for her six payments. How much will Anna end up paying in interest and fees for her S100 cash advance?
3. Cynthia is a DJ in Kamloops. She has a MasterCard. The credit limit is $4000. Interest is 18.9%/yr, compounded daily. She used all her credit on the card to buy some new DJ equipment. Cynthia took 49 d after the grace period to pay the balance. a) Do you think Cynthia was wise to buy the equipment with her credit card? Explain. b) How much interest did Cynthia pay? c) What other way might Cynthia have paid for her equipment?
Chris pays a fee if her bank balance falls below $10 on the statement date. Prior to the statement date, her balance was -$3.46. Then, Chris made a deposit, d, in ample time, so she did not have to pay a fee. a) Write an inequality to represent the situtation, b) Solve the inequality. Describe the meaning of the solution.
6 Trey James sold his bike and received a check for eighty-five dollars and 50 cents. What is the amount of the check written as a numeral? 7 Jen Jones earned $25 house work, $23.50 dog sitting, and $56.80 selling things on Offer Up. She put all but $11.20 into her checking account. What was her total deposit? 8 The cashier collected money from her clients and made a deposit into her account at the end of the day. The deposit included 7 one dollar bills, 14 ten-dollar bills, 18 twenty-dollar bills, 2 one-hundred-dollars bills, and checks totaling $473.25. What was the total deposit? 9 Rick John is making a deposit into his checking account. The checks that he has to deposit are in the amount of $535.80, $426.50 and $112.10. He would like to receive $100 in cash. What will his total deposit be? 10 Write the amount $1,345.92 in correct word form. 11 Wes Chow purchased 5 books for $15.79 each. Write the amount of the check expressed in words. 12 Rob Litner had a balance of $875.24 in his…
Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He…
23. Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47 twenty-dollar bils, 51 ten-dollar bills, 25 five-dollar bills, and 36 one-dollar bills. What is his total deposit?* O $1,310 O $1,611 O $1,711 O $1,811 24. Francois DuFresne deposits $350.00 in a savings account. The account pays an annual interest rate of 4%. He makes no other deposits or withdrawals. After d How murh simple interest did bis mooL.cA
I need help with this chart please
3 3. Margo Xavier makes a deposit at an ATM. She has a paycheck for $375.42 and a refund check for $24.95. She would like to receive $45.00 in cash and deposit the remaining amount. What is her total deposit? 4. Terrance Scott deposited a check for $299.45 and a check for $229.52. He received $42.00 in cash. What was his total deposit? 5. Paul and Ann Sherwin deposited their paychecks at an ATM. Their checks were for $375.45 and $614.20. They also had a check from their insurance company for $187.60. They received $500.00 in cash. What was their total deposit? 4 5 $355.37
Mandy was needing some more office supplies. She only needed about $25 worth of supplies. She went to the front office to the secretary to get $25 from the petty cash lockbox. When the secretary gave her the money, she had Mandy fill out a: Voucher Purchase Order Check Receipt Jane is recording journal entries of credit card transactions for her company using the Net Method. What are the entries she is recording? Debit Checking Account, Debit Bank Fees, and Credit Revenue. Debit Checking Account and Bank Fees and Credit Accounts Receivable. Debit Accounts Receivable and Credit Revenue Debit Checking Account and Credit Revenue. please give correct answer and explain
I don't quite how to solve this question. Could you please clarify it? Thank you so much!
Venus Waldo reviewed her account statement and wanted to verify that the interest amount was correct. Her new balance was $12,098.12 and her previous balance was $9,043.20. She had deposited $3,298.45 and withdrawn $300.00. Find the interest earned on Venus' savings account.
G.325.

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