Data tablePlan A: Pay $0.07 per minute of long-distance calling.Plan B:Pay a fixed monthly fee of $14 for up to 340 long-distance minutes and$0.04 per minute thereafter (if she uses fewer than 340 minutes inany month, she still pays $14 for the month).Plan C: Pay a fixed monthly fee of $25 for up to 500 long-distance minutes and$0.02 per minute thereafter (if she uses fewer than 500 minutes, she stillpays $25 for the month).PrintDone- Xmusent levtal cos Bridget Compo is getting ready to open a small restaurant. She is on a tight budget and must choose between thefollowing long-distance phone plans:(Click the icon to view the long-distance phone plans.)Read the requirements.Requirement 1. Match the graphs to the total monthly costs of the three plans for different levels ofmonthly long-distance calling.Before we match the graphs to the plans, complete the following table, calculating the total costs for each plan ateach of the different minute levels. (Round to the nearest cent.)100 minutes 340 minutes 540 minutesPlanABCB

A budget helps with cost management, resource allocation optimisation, and decision-making.…

Answered: Plan A: Pay $0.07 per minute of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AMG Services offers to lend Scott Tucker $5,250 which he needs to repair his sports car. AMG’s loan offer is subject to an APR of 14.6 % interest rate with monthly compounding. How long will it take Scott Tucker to pay off the loan if he makes $95 monthly payments?
ns Lacy has a $41,500.00 student loan when she graduates on May 4, and the prime rate is set at 5.5%. She has decided at the end of the grace period to convert the interest to principal, and she sets her fixed monthly payment at $900.00. She opts for the variable rate on her student loan. Create the first four repayments of her repayment schedule. Calculate the total interest charged for both the grace period and the four payments combined. Assume February does not involve a leap year. (Round all monetary values to the nearest penny.) (Use a minus sign before the dollar sign to denote a negative monetary value. For example, "-$149.63") (Give all "Number of Days" quantities as fractions with denominator 365.) Date June 11 Nov 30 (inclusive) Dec 31 Jan 31 Feb 28 Mar 31 Balance before Transaction Annual Interest Rate 8% 8% 8% 8% 8% Number Interest Accrued of Days Charged Interest U D n Total combined interest charged for grace period and first four months: Payment (+) or Principal Balance…
Able Long buys a new desk for $2,400. Able will pay back $250 per month. Monthly interest is 3% on the unpaid balance. Calculate the balance outstanding after the second payment. (Use the U.S. Rule.) (Round your answer to the nearest cent.)
Jenna bought a new car for $⁢39,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of 4.5%. Determine the monthly payment that Jenna pays. Round your answer to the nearest cent, if necessary.
Suppose that you charged $8430 on a credit card to relocate for your first job. When you realized that the interest rate for the unpaid balance was 27% compounded monthly, he decided not to charge any more on that account. You want to have this account paid off by the end of 3 years, so you arrange to have automatic payments of equal amount sent at the end of each month.(a) What monthly payment must you make to have the account paid off by the end of 3 years? (b) How much total interest will you have paid?
Marcella paid for a kitchen set over time, signing an installment contract that required monthly payments of $197.99 for 3 years. The first payment was made on the date of purchase and interest was 18% compounded semi-annually. What was the value of the kitchen set on the date of purchase? Show all inputs and any other necessary work below. P/Y = C/Y = N= I/Y = PV = PMT = FV = Final Answer:
A career counselor decides to make monthly payments of $150 on credit card debt of $3,496.55 and discontinue using that credit card. Assuming the monthly interest rate is 1.85%, it will take the counselor approximately 31 months to repay the debt. How many fewer months would it take to repay the debt if the counselor makes monthly payments of $200? (Round your answer to the nearest month.) months Need Help? Watch It Read It
Jill Walsh purchases a bedroom set for a cash price of $3,920. The down payment is $392, and the monthly installment payment is $176 for 24 months. Find (a) the amount financed, (b) the finance charge, and (c) the deferred payment price.
Marilyn was supposed to pay $1.620 to Bernice on March 18. Some time later Marilyn paid Bernice an equivalent payment of $1,67263. allowing fora time value of money of 24% compounded monthly. When did Marilyn make the payment? (Do not round your Irntermediate calculatlons and round your anewer to the neorest month.) Marylin mode the payment months later.
A career counselor decides to make monthly payments of $150 on credit card debt of $3,496.46 and discontinue using that credit card. Assuming the monthly interest rate is 1.85%, it will take the counselor approximately 31 months to repay the debt. How many fewer months would it take to repay the debt if the counselor makes monthly payments of $200? (Round your answer to the nearest month.)
Arminte is expanding her massage therapy business and needs to purchase equipment totaling $7,918.55 including sales tax. The supplier offered in-house financing of 30 monthly payments at $281.93 per month, with a 10% down payment. Answer parts 1 through 6. 1. Find the amount financed, installment price, and the finance charge presuming Arminte goes with the supplier. The amount financed is $nothing

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