Credit card-introductory interest rate

Assignment Help Financial Management
Reference no: EM13850780

Scenario: You have received a letter from a credit card company offering you a credit card with a limit of $5,000 at an introductory interest rate of 5%. What additional information do you need in order to make a decision whether to accept this offer? List specific characteristics you need to consider and why you think they are important. What factor(s) would cause you to accept this offer? What factor(s) would cause you to decline this offer? Be specific and thorough in your response. If you accept the offer, how will you manage your credit card debt?

Reference no: EM13850780

Questions Cloud

Financial viability currently and in the future : Ascension Health growing? What line items reflected the largest-percentage increases and/or decreases? What is the financial impact these changes have on the company's financial viability currently and in the future?
After tax cost of capital to walgreen for the bonds : The Walgreen Corporation is contemplating a new investment that it plans to finance using one-third debt. The firm can sell new $1000 par value bonds with a 15 year maturity at a price of $953 that carries a coupon interest rate of 12.6 percent that ..
Retirement in order to be able to fund your retirement : At your age (assume 20) you can assume that you will live to be 100. If you graduate at 23 and start to work, you can expect to work for 47 years, until age 70. Ignoring inflation in all calculations, how much will you need to have saved at retiremen..
What type of database technology will the company need : What type of database technology will the company need to support the new online services? Explain your answer. For example, how will the company keep track of inventory and customer information for sales in the retail versus the online store
Credit card-introductory interest rate : You have received a letter from a credit card company offering you a credit card with a limit of $5,000 at an introductory interest rate of 5%. What additional information do you need in order to make a decision whether to accept this offer? List spe..
Reflect and examine your looking-glass self : REFLECT and EXAMINE your Looking-Glass Self as it was in high school and then in adulthood. How did it change during the transition from high school to adulthood? IDENTIFY the people that influenced, or caused, you to see yourself differently.
Major trends that profitability ratios exhibit : Describe the major trends that profitability ratios exhibit, and provide an opinion on what this means to the company. Describe how this company is doing relative to its industry (compare your company’s ratios to the industry’s ratios). This is for P..
How might this impact his or her academic career : If a student is caught in this situation, how might this impact his or her academic career, professional career, or reputation in the local community
Define a function that takes an environment : Define a function that takes an environment and an identifier, and indicates whether or not the identifier has a value associated with in the environment.

Reviews

Write a Review

Financial Management Questions & Answers

  Statements regarding the efficient market hypothesis

Which of the following statements regarding the efficient market hypothesis (EMH) is incorrect?

  Relationship between a bonds price and the yield to maturity

The relationship between a bond's price and the yield to maturity (rate)

  Breakeven cash inflows-purchase of new casting equipment

Breakeven cash inflows The One Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. If One Ring requires a 9% return on its investment, what ..

  Estimate the cost of capital for gci

You used Dell as a representative company to estimate the cost of capital for GCI. What are some of the potential problems with this approach in this situation? What improvements might you suggest?

  Compared to chester by having a higher productivity index

A productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production improvements. Assume that Baldwin had a productivity index of 112% and that Chester had a productivity index of 103%. Using the l..

  Which ratios would a banker be most interested in when

Which ratios would a banker be most interested in when considering whether to approve an application for a short-term business loan? Explain.

  What is the companys current ratio

A company has cash of $500, accounts receivable of $200, and inventory of $400. The company also has current liabilities of: accounts payable $300 and notes payable $600. What is the company's current ratio?

  Bank account to cover college expenses

Beginning three months from now, you want to be able to withdraw $1,800 each quarter from your bank account to cover college expenses over the next three years. If the account pays 0.40 percent interest per quarter, how much do you need to have in yo..

  What is the yield to maturity for the bond

A bond has a par value of $1,000, pays $50 semi-annually and has a maturity of 10 years. If the bond earns 12% per year, what is the price of the bond? What is the yield to maturity for the bond? What would be the bond's price if the rate earned decl..

  The plan was to make the bonds non-callable

Clumsy Corp. is planning to issue new 30-year bonds. Initially, the plan was to make the bonds non-callable. If the bonds were made callable after 10 years at a 10% call premium, how would this affect their required rate of return?

  The value of capital is determined

The value of capital is determined by

  Companys expected loss per year on this building

Suppose your company has a building worth $340 million. Because it is located in a high-risk area for natural disasters, the probability of a total loss in any particular year is 1.4 percent. What is your company’s expected loss per year on this buil..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd