Prepaid Card Gift Card Peer-to-Peer Payment App Mobile Wallet a. A stores money that can be used to shop at a specific store. to directly pay someone back. b. You can use a c. Instead of using a physical card at the store, you can use your which stores your card information. d. If you don't want to carry cash with you and you don't have a bank account, getting a is a good option.

Q: What are the two types of discounts?

A:

Q: o calculate the Internal Rate of Return, you need to know what interest rate to start with. True or…

A: Internal rate of return (IRR) is the rate at which NPV is zero

Q: Explain the difference between each of the following pairs of terms. For each you must include an…

A: a)Common Difference is the difference between the Term and the term that follows it  The ratio is…

Q: Present Value $ 520.09 $17,860.63 $35,214.61 $26,885.08 Future Value $ 1,808.74 $234,978.49 $…

A: The money's time value concept indicates a fact that reveals that any sum's current worth is more…

Q: What are the most frequent uses of contingent payments?

A: A contingent payment is a mechanism used in M&A whereby, in addition to an upfront payment,…

Q: what is an annuity? Provide an example

A: Annuity is an important concept in finance especially in the context of time value of money. Annuity…

Q: Describe the two forms that the calculation of the payback period can take?

A: The payback period alludes to what extent it takes for a speculator to hit breakeven to recoup the…

Q: Explain the difference between a trade discount and a cash discount.

A: Discount is the deduction from the cost of product or service that a seller offers to the buyer…

Q: Explain Payment Caps and Negative Amortization?

A: Payment Caps: A payment cap is a customer protection that bounds the amount that your monthly…

Q: Write an equation for determining the value of the series of end-of-period payments?

A: Formula:

Q: Explain the determinants of credit olicy variables. 2. Explain the hotives for the extension of the…

A: The important dimensions of a firm’s credit policy are credit standards, credit period, cash…

Q: Develop various interest formulas for the credit calculations?

A: The interest on interest computation figures the formula of compound interest on the loaned or…

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula:

Q: Want The Correct Answer with calculation and explanation in text mode

A: 1) Contribution Margin Ratio:Contribution Margin Ratio is a measure of a company's profitability…

Q: Explain mezzanine loan?

A: Mezzanine financing is a blend of both debt and equity financing. It is a way for firms to raise…

Q: Describe how to find interest rates and time requirements for problems using present value and…

A: Future Value|(FV) is worth of current payment at future date. It is computed by compounding that…

Q: Compare the different financing options?

A: Preference shares are shares given to particular proprietors or accomplices of an organization's…

Q: Which are two types of interest rates are used in equivalence calculations?

A: Equivalence calculation is used for analysis of an investment or a project based upon the the…

Q: E Loan Amount Is $430,000 Loan is a 7/30 Balloon Loan Annual Interest Is 3.75%, with monthly…

A: Given, Loan amount is $430,000 Interest rate is 3.75% Loan is 7/30 balloon loan, which means, after…

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.