Jessica is very proud of herself for having $15,000 in her savings account that pays...
70.2K
Verified Solution
Link Copied!
Question
Finance
Jessica is very proud of herself for having $15,000 in her savings account that pays 5 percent interest. She currently has a balance of $12,300 on her credit card account that charges 20 percent interest. Jessica thinks she is making a wise financial decision by keeping her money in her savings account instead of paying off her credit card balance. What financial principle from Chapter 1 would you use to give her good advice?
A) Mind games, financial personality, and your money
B) The time value of money
C) Taxes affect personal financial decisions.
D) Both A and C
5) If you're in the 20% marginal tax bracket, what is the equivalent taxable yield on an 10% municipal bond?
A) 11.76
B) 13.33
C) 4.00
D) 12.50
Cameron has $10,000 in monetary assets and $4,000 in current liabilities. What is his current ratio?
A) 2.5 times
B) 0.5 times
C) 5 times
D) 0.4 times
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.