Caleb is sick and tired of having to walk everywhere he goes. He has been saving
money for a car but a reliable car that won’t bankrupt him with repair costs is around
$5,000. For $2,500, he can buy one of those cool Segways like the mall cops scoot
around on.
He had a goofy looking Economics teacher in high school who talked about credit cards.
Shortly after the class ended, Caleb went out and got himself a Visa credit card that has
an annual fee of $150 per year.
Caleb goes to the Segway store and pays for a brand new Segway using his Visa card.
He leaves the store with his awesome new toy, forgetting that a bill will arrive in his
mailbox in about 30 days.
Questions:
1. Should Caleb use his credit card to make this purchase? Explain how he
could use his credit card responsibly.
2. How much money does the Segway store receive? From whom does the
store receive it?
3. How much money does Visa make on Caleb’s initial purchase?
4. Suppose Caleb gets the bill and decides to make the minimum payment
instead of paying off the balance. Is this wise?
5. Use any website to answer or calculate the following for Caleb:
a. the likely interest rate based on what you know so far;
b. the minimum monthly payments he would make at both 2% and 4%;
c. the total number of years it would take him to pay off the balance at
both 2% and 4%;
d. the total amount of interest he would pay if he made minimum monthly
payments at both 2% and 4% until the balance was paid off.

Answers

Answer 1

Answer:

1. Should Caleb use his credit card to make this purchase? Explain how he

could use his credit card responsibly.

He should use his credit card. Because if he will spend all his money on what he WANTS then he will lose his money easily and not be able to pay his fees or whatever. so he should pay for the needed things then pay for the not-so-important things.

2. How much money does the Segway store receive? From whom does the store receive it?

A brand new second-generation Segway PT will cost anywhere from around $6,000 up to $8,000, depending on what model you decide to go for.

3. How much money does Visa make on Caleb’s initial purchase?

150 a year

4. Suppose Caleb gets the bill and decides to make the minimum payment instead of paying off the balance. Is this wise?

No this is not wise because paying only the minimum amount due on your credit card bill could impact your credit scores and cause you to pay a lot in interest. and if you pay more you get to save more money. so he should not do it.

I am sorry can you pls explain to me what I have to do in question 5 I do not get it. Also hope it helped!!!!!

Related Questions

According to section 3, under which two conditions will the United States make preparations for war?

Monroe doctrine

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Answer:If America’s rights are invadedOr if America’s rights are seriously menaced

write one cause of decreasing population in some countrie​

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Answer:

due to family planning when they get married

True or False _____16. Courts settle the overwhelming majority of disputes in this country._____ 17. Arbitration is the least formal method to settling disputes._____ 18. Conflict is inevitable and can be productive._____ 19. The Better Business Bureau is an example of a mediating organization._____ 20. In both arbitration and mediation there is a third party involved in the settlement._____ 21. Court proceedings are public property._____ 22. An Arbitrator is like a judge._____ 23. One must follow the settlement of a mediator._____ 24. Mediation focus’ on future behavior._____ 25. In court, the intent is to find the truth.

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answer:

True 16. Courts settle the overwhelming majority of disputes in this country.

Both the total utility and the marginal utility are the same for the 4th and 5th chips that you ate. What does this mean?

Answers

Answer:

While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

Explanation:

After becoming a royal colony, Georgia was
A.
governed directly by Parliament.
B.
allowed to pass its own laws.
C.
ruled by a strong governor.
D.
permitted to nominate Trustees.

Answers

After Georgia became a Royal Colony, it was C. ruled by a strong governor.

Who governed the Georgia colony?

When Georgia was first established, it was run by Trustees who had very stringent rules and were not particularly liked by the people.

When Georgia became a Royal colony, the Crown appointed Governors who were quite powerful and increased the prosperity of the colony.

In conclusion, option C is correct.

Find out more on the Trustees at https://brainly.com/question/9737703.

Answer:

C

Explanation:

Ruled by a strong governor.

Which u. S. State has the most earthquakes on average each year?.

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Answer:

California

Explanation: I live here in California and feel them often. I also hear that they happen often in other cities here.

What channels are carrying the ncaa basketball tournament.

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Answer:

CBS, TBS, TNT and truTV

Why was the battle of guagamela so important to alexander?.

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Answer:

Battle of Gaugamela, also called Battle of Arbela, (Oct. 1, 331 bc) battle in which Alexander the Great completed his conquest of Darius III's Persian Empire. It was an extraordinary victory achieved against a numerically superior army on ground chosen by the Persians.

Explanation:

Which party formed the government in 2019?

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Bharatiya Janata Party (BJP) formed the government in 2019 with majority of the votes.

Explanation:

Hope it helps you!!

Help!
Boys and Girls HELP

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Answer:

Surplus food also leads to civilizations because more people can survive, causing a population increase

What did the texas cities of houston, corpus christi, and beaumont have in common?.

Answers

Answer:

They grew as a result of the oil industry.They grew as a result of railroad development.They were all originally Spanish language terms.They are all located in northern Texas.

Explanation:

What type of public policy specifically addresses citizen’s quality of life?

A. economic policy
B. social policy
C. federal policy
D. state policy

Answers

The answer is B) social policy

Name any three states found in the Northeast Region. Extra credit for any states beyond three.

Answers

Answer:

Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania and the District of Columbia.

You're welcome, please rate 5 stars and say Thanks.

Answer:

Washington, Oregon, Idaho, Montana, and Wyoming

In "Dream Variations," the speaker longs most for __________. Question 2 options: dancing sunshine nighttime freedom.

Answers

In "Dream Variations," the speaker longs most for freedom.

What is the poem "Dream Variations"?

The poem shows how the person wanted to live a carefree and liberal life. The person wants society to be free from color persecution and other discrimination.

Therefore, he says that even his dreams are not black but are dark due to oppressive society.

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Dr. Meyers, an accounting professor, is concerned that he was not engaging his students as much as he would like. He asks his boss, the department chair, and two of his colleagues to sit in on one of his classes, to give him comments and suggestions for improvement. He also passes out student evaluation forms. Dr. Meyers is:_____________.

Answers

Answer:

Conducting a 360- degree feedback process

Explanation:

In 360 feedback, individuals compare perceptions of their own performance with behaviorally specific performance info from their manager, subordinates, and peers.

Dr. Meyers who is an accounting professor has been observed to conduct a feedback process at 360-degree.

Who is an accounting professor?

Accounting professor is a professional expert who has the expertise in the field of Accountancy to be imparted in the college or university.

The process of 360 degree feedback arises when the individual compare his/her respective performances with their managing officials, employees and fellow colleagues. In the provided case, the task of commenting and providing suggestions to him for improvement by the fellow members of the college explains the process of 360-degree feedback.

Therefore, the process of 360 degree feedback  has been used by Meyer in order to improve himself.

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#SPJ2

What branch of psychology is concerned with the study of abnormal behavior and psychological dysfunction

Answers

Answer:

Clinical psychology

Explanation:

I am quite sure and hope its correct. All the best

5. What type of skilled man power like to be in the future. Why?​

Answers

Answer:

I want to be honest with you. I don't understand the question you are asking. But if you tell me what you are asking, I will answer that. Also, I am very sorry for the comments below. He is just being very rude. To be honest I cannot stand someone being rude when they don't even know you.

PS: I hope we can be friends.

Forgetting material one learned earlier because of material one learned later is called: Question 17 options:

Answers

Answer:

retroactive interference.

Explanation:

interference that occurs when material learned later disrupts the retrieval of material learn earlier.

WILL GIVE BRAINLIEST / Why does the Middle East struggle with retaining a consistent water supply?

Answers

In the Middle East, droughts are more common because of the climate and there are a very limited number of freshwater reserves. Places like North Africa as well, experience pressing water shortages because of climate change, and rapid polulation growth increases the demand. Water shortages are becoming worse to the point where certain regions are becoming uninhabitable.

I hope this answers your question.

Consider everything you've learned about cultural awareness and how to achieve an appropriate level of cultural competence. What are some ways that you can achieve cultural competence at work? Be sure to use the components of cultural competence (awareness, attitude, skills, and development) in your answer. Your answer should be 4 complete sentences. please answer this I will give 50 points​

Answers

Answer:

Gaining cultural competence is a lifelong process of increasing self-awareness, developing social skills and behavior

Explanation:

ur only giving 25 points... can i have braniest

Mrs. Jefferson has visible deformities in the fingers on both hands, and she says her fingers hurt most of the time. The practitioner has diagnosed rheumatoid arthritis. Mrs. Jefferson confesses that she does not know much about this disorder and asks what causes it. What should the medical assistant tell her?

Answers

Answer:

Rheumatoid arthritis is an autoimmune disease; the body's immune system attacks the joints.

Answer: Hi! Please see the explanation below!

Explanation: The medical assistant should, firstly, be compassionate for Mrs. Jefferson — not only because they are obligated to be empathetic as a health care provider but because they need to explain a potentially frightening (and somewhat manageable) situation.

Secondly, I believe that the medical assistant should offer general information, side effects and risks of the disorder, and treatment options for this condition (medicines, physical therapy, etc.) Before the patient leaves the office, a follow-up of some sort should be discussed and planned; this will assure that the patient can see her doctor again to report any new effects, symptoms, etc.

Which of the following describes a Confucianism principle?
A. teaches that there are five basic types of relationships in society
B. followers believe in Nirvana
C. believers follow daily rituals to connect with nature and ancestors
D. follows a caste system

Answers

Answer:

A. teaches that there are five basic types of relationships in society

Explanation:

One of the Confucian principles is the five constant relationships that make up society. These relationships help guide one down the "middle way" and represent how one should act towards others.

two ways france were experiencing hardship in 1780

Answers

Answer:

yass joe

Explanation:

Abraham lincoln gave a speech to dedicate a cemetery for the soldiers who died in the battle of gettysburg. What is the name of his speech?.

Answers

Gettysburg Address

Was in dedication to the Soldiers National Cemetery in Gettysburg, Pennsylvania.

Although research indicates that physical appearance self-esteem is the best predictor of adolescents' overall self-esteem, a. adolescents who are not conventionally attractive instead base their self-esteem on other factors. b. adolescents say that their physical appearance is one of the least important contributors to how they feel about themselves. c. older adolescents tend to make issues of moral development and independence the most important factor. d. young boys appear to be more concerned than girls about their own physical attractiveness.

Answers

Although research indicates that physical appearance self-esteem is the best predictor of adolescents' overall self-esteem

1. young girls appear to be more concerned than boys about physical attractiveness and physical appearance self-esteem is a more important influence on overall self-esteem among girls than among boys.

2. adolescents may be unaware of the degree to which their self-worth is based on their feelings about their appearance.

3. adolescents, when asked, say that their physical appearance is one of the least important contributors to how they feel about themselves.

What is Self Esteem?

This refers to the self worth which a person feels about himself based on different factors which can make him have either high self worth or low self esteem.

With this in mind, we can see that based on the physical appearance self esteem, some things were discovered.

This included the importance which is placed to physical appearance self esteem by young girls than boys and how unaware adolescents were of their own self worth.

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The island of elba is part of which european nation?.

Answers

Answer:

the correct answer is Italy

Explanation:

hope this helps

have a great day

how did the U.S feel about WW2 before pearl harbor was attacked?

Answers

Answer:

The U.S. was trying to stay out of it and stay neutral.

Explanation:

The U.S. was practicing what’s known as isolationism and refrained from any major interference in the war.

What are ways the president interacts with foreign countries

Answers

Presidents decide whether to recognize new nations and new governments, and negotiate treaties with other nations, which are binding on the United States when approved by two-thirds of the Senate. The president may also negotiate “executive agreements” with foreign powers that are not subject to Senate confirmation.

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Answers

Answer:

a rise in the price of any good

Explanation:

One of the early acts recorded at Sun Records came from this non-tradition source: Group of answer choices The movies The ministry Journalism Prison

Answers

The early acts recorded at Sun Records came from this non-tradition source of movies as they introduce their works.

What is the Sun Records?

The Sun Records were musical band that recorded a rocked-up version of Blue Moon of Kentucky which launched Elvis's career

Also, the Sun recordings was seen as Elvis's best  because its helped to establish a style that came to be known as "rockabilly"

The early acts recorded at Sun Records came from this non-tradition source of movies as they introduce their works

Therefore, the Option A is correct.

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