Tom has offered to sell Julian his motorcycle for $1,200. Julian knows this is a very good deal, since the same motorcycle can be purchased at the dealership for $1,800. Since Julian doesn’t have $1,200 and Tom does not accept credit cards, they both think a cash advance might be a good idea. Julian’s credit card company can offer him a cash advance for the $1,200 he needs at an interest rate of 26%. He would then pay off the balance in 24 months. Should Julian use the cash advance to purchase the motorcycle? a. No. Julian would be paying too much in interest to warrant using a cash advance. b. Yes. Even with the interest, the total cost of the motorcycle would be less than at the dealership. c. Yes. The interest rate on the cash advance is low. Julian will not have to pay much interest on the cash advance. d. No. The high interest rate on the cash advance would make the purchase of the motorcycle almost twice than the price at the dealership.

QUESTION POSTED AT 18/01/2020 - 06:34 AM

Related questions

Amber sold 66 tickets.of these 2/3.what total number they sold

By taking 2/3 of 66 you get the number of 44. Can be done on a basic calculator for future reference.

ANSWERED AT 21/02/2020 - 09:57 AM


QUESTION POSTED AT 21/02/2020 - 09:57 AM

What is the amount of social security tax for a gross pay amount of $944? A. $15.23 B. $58.53 C. $152.26 D. $585.26

Answer: The answer is $58.53

Step-by-step explanation:

ANSWERED AT 20/02/2020 - 11:21 PM


QUESTION POSTED AT 20/02/2020 - 11:21 PM

Tony misplaced 7 77 stamps from his collection. He knows that each stamp of his is worth $ 0 . 1 5 $0.15dollar sign, 0, point, 15 and that the total value of them is now only $ 5 . 5 5 $5.55dollar sign, 5, point, 55.

I take it that only 7 stamps are misplaced and that we are asked for the total value of the stamps including those which have been misplaced. 
If each is worth $0.15 then, the total worth of 7 stamps is $1.05. Then, we add this value to the value of his remaining stamps, $5.55, the answer would be $6.60. 

ANSWERED AT 20/02/2020 - 11:20 PM


QUESTION POSTED AT 20/02/2020 - 11:20 PM

Half day hike in 4 hours you hike 10 miles what is the unit rate?

2.5 miles/hour

Because 10 divided by 4 = 2.5

ANSWERED AT 20/02/2020 - 11:14 PM


QUESTION POSTED AT 20/02/2020 - 11:14 PM

The markup on a restaurant meal is 250%. A meal costs $7.30 to produce. How much will the customer be charged before tax and tip?

Answer:  The required amount of money that a customer be charged is $25.55.

Step-by-step explanation:  Given that the markup on a restaurant meal is 250% and a meal costs $7.30 to produce.

We are to find the amount of money that a customer be charged before tax and tip.

The markup price on the meal is given by

m_p\\\\=250\%\times7.30\\\\=\dfrac{250}{100}\times7.30\\\\=\dfrac{5}{2}\times7.30\\\\=18.25.

Therefore, the amount of money that a customer be charged before tax and tip is

\$(7.30+18.25)=\$25.55.

Thus, the required amount of money that a customer be charged is $25.55.

ANSWERED AT 20/02/2020 - 11:12 PM


QUESTION POSTED AT 20/02/2020 - 11:12 PM

Decide whether the following rates are equivalent. 12 pages in 20 minutes or 20 pages in 32 minutes

The two fractions that we can extract from the given rates above are:
                (1) 12 pages / 20 minutes
                (2) 20 pages / 32 minutes
We can reduce the fractions or rates to their lowest term by dividing the numbers by 4 such that,
                 (1) 3 pages / 5 minutes
                 (2) 5 pages / 8 minutes
Therefore, the rates are not equivalent. 

ANSWERED AT 20/02/2020 - 11:12 PM


QUESTION POSTED AT 20/02/2020 - 11:12 PM

Corn cost 2$ for 6 ears . carmen bought 24 ears of corn. how much did she spend?

2/6=x/24
6x=48
x=8 dollars

ANSWERED AT 20/02/2020 - 11:12 PM


QUESTION POSTED AT 20/02/2020 - 11:12 PM

Charles has 24 marble. he has 6 more yellow marbles than blue marbles. what is the equation

Answer:

Required Equations are x + y = 24 & x - y = 6

Step-by-step explanation:

let x be the no of yellow marbles that Charles has.

and y be the no of blue marbles that Charles has.

Total Marbles that Charles has = 24

⇒ x + y = 24 ..............(1)

Charles has 6 more yellow marbles than blue marbles.

⇒ x = y + 6

    x - y = 6 ......................(2)

Therefore, Required Equations are x + y = 24 & x - y = 6

ANSWERED AT 20/02/2020 - 11:12 PM


QUESTION POSTED AT 20/02/2020 - 11:12 PM

Jack is buying tables and chairs for his deck party tables cost $25 and chair cost $15 he plans to spend no more than $285 and buy at least 16 items show and describe the solution set nad suggest a reasonable solution solution to the problem?

By the given scenario above, we can formulate two inequalities that best represent the scenario. We let x and y be the number of tables and chairs, respectively such that,
                                 25x + 15y ≤ 285
                                  x + y ≥ 16
The values of x and y if we temporarily change all the inequality signs to equal signs are 4.5 and 11.5, respectively. Since, it is not allowed for a number of item to be in negative, we can then say that the number of tables should be 4 and that of chair is 12. 

ANSWERED AT 20/02/2020 - 11:09 PM


QUESTION POSTED AT 20/02/2020 - 11:09 PM

An 18 ounce box of cereal cost 2.76. How many ounces should a box priced at 2.07 contain

Amount/price=18/2.76
18/2.76=x/2.07
times both sides by 2.76*2.07 aka cross multiply
18*2.07=2.76x
37.26=2.76x
divide both sides by 2.76
13.5=x

costs $13.5

ANSWERED AT 20/02/2020 - 11:07 PM


QUESTION POSTED AT 20/02/2020 - 11:07 PM

Ill give a tip please explain the steps Use this table as a reference for your interest rate percentages. Secured Unsecured Credit APR (%) APR (%) Excellent 4.80 5.25 Good 5.15 5.65 Average 5.85 6.20 Fair 7.00 7.65 Poor 8.20 9.15 8. You (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. The down payment is $2,175.00 and you (or your parents) have an average credit rating. How much interest is accrued after the first month? (2 points) 9. You (or your parents) purchase a used car for $15,867.00 plus 5.25% sales tax. The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan? (2 points) 10. You (or your parents) are debating about whether to buy a new car for $19,072.00 or a used car for $15,635.00. Sales tax is 4.5%. You (or your parents) plan to make a down payment of $1,200.00 and your credit rating is fair. What is the difference in interest accrued by the end of the first month? (

Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.

8. Average rating secured apr: 5.85% divide by 360 multiply by 30:  0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175

19,725 x 1.0475 =  20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.

9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost

15,867 x 1.0525 =  16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.

10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200

19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
18,730.24 x 0.5833% = 109.25 accrued interest

15,365 x 1.045 = 16,056.43 - 1,200 = 14,856.43
14,856.43 x 0.5833% = 86.66 accrued interest

109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.

ANSWERED AT 20/02/2020 - 11:06 PM


QUESTION POSTED AT 20/02/2020 - 11:06 PM

Mr. vanders tie costs 3 times as much as mr. bentley's tie. together they spent $128. what were the prices of each of their ties?

I'm not completely sure but I think Mr. Bentleys tie costs $32 and Mr. Valders tie costs $96.

ANSWERED AT 20/02/2020 - 11:03 PM


QUESTION POSTED AT 20/02/2020 - 11:03 PM

Lisa is painting a fence that is 26 feet long and 7 feet tall a gallon of paint will cover 350 ft.² right and solve a proportion to determine how many gallons of paint lisa will need

1 gallon / 350 ft^2 = x gallon / 182 ft^2

cross multiply (350 • x, 1 • 182)

350x = 182

x = 0.52 gallons

ANSWERED AT 20/02/2020 - 11:02 PM


QUESTION POSTED AT 20/02/2020 - 11:02 PM

Jen and sarah go to lunch at the green grill their meals total $28 for taxes 6% what is the total cost including tax

You have to add 6% to the original price, so calculate 6% of 28$:
28 x 6/100 or 28 x 0.06
= 1.68
And add that to the original paid
1.68 + 28 = $29.68

ANSWERED AT 20/02/2020 - 11:02 PM


QUESTION POSTED AT 20/02/2020 - 11:02 PM

A group of workers can plant 5/8 acres in 4/5 days. what the unit rate in acres per day

It would be .5 acres per day

ANSWERED AT 20/02/2020 - 11:01 PM


QUESTION POSTED AT 20/02/2020 - 11:01 PM

24 is 75% of what number?

24 is 75% of 32 because you can use the formula: part/ whole= percentage/100

ANSWERED AT 20/02/2020 - 11:00 PM


QUESTION POSTED AT 20/02/2020 - 11:00 PM

Would it make sense to add more points to the graph from x=0 to x=10? Would it make sense to connect the points with a line? Explain.

It would make sense to add more points to the graph from x=0 to x=10 to see the points accurately. It would also make sense to connect the points with a line to see where the line goes.

ANSWERED AT 20/02/2020 - 11:00 PM


QUESTION POSTED AT 20/02/2020 - 11:00 PM

Jennifer had $24 to spend on five pens.After buying them she had $14.How many did each pen cost? (show work)

24-14=10 10/5pens= $2

ANSWERED AT 20/02/2020 - 10:59 PM


QUESTION POSTED AT 20/02/2020 - 10:59 PM

What is the price of a 65 dollar item after a 15% discount

X/65 = 15/100

100x = 15(65)

100x = 975
Divide both by 100

X = 9.75

65-9.75 = 55.25

ANSWERED AT 20/02/2020 - 10:48 PM


QUESTION POSTED AT 20/02/2020 - 10:48 PM

It takes John 1/5 hour to hike 1/4 Mile. what is John's rate in miles per hour?

1/5 * 4 equals 4/5 miles per hour

ANSWERED AT 20/02/2020 - 10:48 PM


QUESTION POSTED AT 20/02/2020 - 10:48 PM

Tile costs $28 per square meter. How much will it cost to cover the counter top with new tile

The answer 164$ because 28 times 6 is 164

ANSWERED AT 20/02/2020 - 10:43 PM


QUESTION POSTED AT 20/02/2020 - 10:43 PM

If a total number of puppies is 60,how much is 75%

15×4=60

There would be 15 puppies.

ANSWERED AT 20/02/2020 - 10:43 PM


QUESTION POSTED AT 20/02/2020 - 10:43 PM

Nine square tiles are laid out on a table so that they make a solid pattern. perimeters of the fiques that you can be formed?

Let the side of one square be x.
The maximum perimeter will be when the squares will be lined end to end.
This will be:
x + 9x + 9x + x
= 20x

The perimeter of the figures formed will be less than or equal to 20x.

ANSWERED AT 20/02/2020 - 10:41 PM


QUESTION POSTED AT 20/02/2020 - 10:41 PM

You download a digital album for $10. Then you and your friend download the same number of individual songs for $0.99 each. Write a system of linear equations that represents this situation. Let x represent the number of individual songs downloaded and y represent the total cost.

Because you take the nine on the farthest right and you times it by all the numbers on top which is the 10.00 and multiply each number by 0.99

ANSWERED AT 20/02/2020 - 10:41 PM


QUESTION POSTED AT 20/02/2020 - 10:41 PM