Sixteen-year-old Omar is starting his first job with long daily commutes and heavy traffic. He wants to be a cautious driver and chooses car insurance with a very
low deductible. What is true?
He will likely pay low premiums.
He will probably have discounted premiums based on past safe driver history
His insurance will probably revise premiums every quarter.
His premiums are likely very high.

Answers

Answer 1

The statement " the premium is likely to be very much high" is correct.

The following information should be considered:

As per the financial experts, the auto insurance plan i.e. highly deductible should be wise as the annual premium amount should be less.In the case of the monthly premium, more amounts should be paid when there is less deductible. But for cars,  there is no need to worry as there should be car insurance having less deductible.

So, the following statements should not be relevant:

Lower premiums.Discounted premium.Revised premiums.

Therefore we can conclude that the statement " the premium is likely to be very much high" is correct.

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Answer 2

The true statement for the given question is :

He will likely pay low premiums.

Car Insurance

The car insurance or the vehicle insurance is defined as the insurance of the vehicle or the security deposit against the car to provide protection to any physical damage to the vehicle.

In the context, Omar has to pay low premiums for the insurance of his car.

This is because the money deducted from him for the insurance for his car is very low. So he has to pay low premiums.

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Related Questions

Second National Bank is considering adding 5 new ATM machines. Each machine costs $25,000 and installation costs are $15,000 per machine. Second National Bank expects the new machines to save $0.33 per transaction on 250,000 transactions per year on the new machines. It also expects the new machines to last for 15 years. If the bank needs to earn 14 percent return on this investment, what is the net present value of this investment?
a. $506,729
b. $306,729
c. $272,269
d. $381,729
e. $424,228

Can you provide a step-by-step process and the functions for a financial calculator

Answers

Answer:

The answer is "Option b".

Explanation:

When the typo-It should be the last for 15 years:

[tex]NPV=-5\times (25000+15000)+0.33\times \frac{250000}{14\%} \times (1-\frac{1}{1.14^{15}})[/tex]

After solving the equation we get

[tex]=306728.85878 \\\\=\$ 306729\\\\[/tex]

When it was the last 25 years

[tex]NPV=-5\times(25000+15000)+0.33\times \frac{250000}{14\%}\times(1-\frac{1}{1.14^{25}})=367016.51358[/tex]

in Chapter 7 bankruptcy a debtor

A) Is required to draw up a petition listing all assets and liabilities

B) dose not have to pay a filing fee

C) is absolved of alimony and child support payments

D) dose not have to repay educational loans​

Answers

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

Sam and Alice are married and together they own a house that has a market value of $250,000. The loan balance on the house is $175,000. Sam also owns a care valued at $15,000 and has no debt on it. Alice owns a SUV valued at $20,000 and it has a loan balance of $12,000. Sam has a IRA retirement account for $2,000 and Alice has jewelry worth $5,000. Finally, they have a joint bank account with a balance of $7,500. What is the net worth of Sam and Alice

Answers

Answer:

The net worth of her is $486,500

Explanation:

I added all values listed.

Net worth of Sam and Alice 's net worth is $ 112,500.

What is net worth ?

Wealth is measured by net worth. A person's or a company's net worth is the total of all of their assets, less any liabilities or commitments. A person or institution's net worth is determined by deducting the value of all of its outstanding liabilities from the total value of all of its financial and non-financial assets.

Net worth can alternatively be succinctly represented as non-financial assets plus net financial assets because financial assets minus outstanding obligations equal net financial assets. It can be used by businesses, people, governments, entire nations, or even certain economic sectors like the financial industry.

Computation of Net worth

Assets and Liabilities of Sam and Alice are as listed below

Assets

House = $250,000

Sam's car = $15,000

Alice's SUV = $20,000

IRA retirement account = $2,000

Alice's Jewellery = $5,000

Joint Bank Account balance = $7,500

Total value of assets = $250,000 + $15,000 + $20,000 + $2,000 + $5,000 + $7,500 = $299,500

Liabilities

House Loan Balance = $175,000

Alice's SUV loan = $12,000

Total value of liabilities = $175,000 + $12,000 = $187,000

Net Worth = Assets - Liabilities = $299,500 - $187,000 = $112,500

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A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an educational fund for the CPA's minor child. The trust securities were not material to the CPA but were material to the child's personal net worth. Would the independence of the CPA be considered to be impaired with respect to the client? Group of answer choices No, because the CPA does not have a material indirect financial interest in the client. Yes, because the stock is a direct financial interest. No, because the CPA does not have a direct financial interest in the client. Yes, because the stock is an indirect financial interest that is material to the CPA's child.

Answers

Answer:

Yes, because the stock is a direct financial interest.

Explanation:

The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.

The 3 Parts of the AICPA code of conduct. This includes:

(1) Members in public practice

(2) Members in business

(3) Other members

In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.

Thd independence of a covered member is impaired when:

A. The covered member has a direct financial interest in a client

B. The covered member has a material indirect financial interest in the client

Direct Financial Interest

This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.

Years ago, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, and hotels for their customers. However, with the emergence of the internet, smaller travel agencies started mushrooming in the industry and customers started making their own reservations. Which of the following can be inferred from this information?
A. The travel industry changed from a consolidated structure to a fragmented one.
B. The structure of the travel industry changed from monopolistic competition to an oligopolistic one.
C. The pricing power of the incumbent firms in the travel industry has increased.
D. The bargaining power of buyers in the travel industry has decreased.

Answers

Answer:

A. The travel industry changed from a consolidated structure to a fragmented one.

Explanation:

In the given passage, the speaker talks of the change in the way travels are managed. Initially, few large travel agencies took control of the way travel is arranged, from booking tickets to managing hotel rooms.

But as the internet grew and many people are able to access it, travels, accommodations, etc. are being managed by the individuals themselves or even smaller travel agencies are able to do the work without the need for such large companies to be involved.

This shows that the travel industry changed from a consolidated, large companies structure to a fragmented one, that of smaller agencies and even individuals themselves.

Thus, the correct answer is option A.

It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the owners begin by calculating share of customer to identify opportunities to sell more products to existing customers. Before you can calculate Camp Plus's share of customer, you need to determine what type of data you need to gather. What data sources will you need to utilize to calculate share of customer

Answers

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario ​

Answers

Answer:

heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.

Feelings can be hurt by mutually respecting coworkers. Please select the best answer from the choices provided T F

Answers

Answer:

False

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Basically, when coworkers or employees working in an organization have mutual respect for one another, it would help to tighten or strengthen the bond that exists in the workplace and as such improving their feelings for each other.

This ultimately implies that, feelings cannot be hurt by mutually respecting coworkers.

The CEO of Skyco, a publicly-traded company that has been earning below-average returns, has been publicly criticized by shareholders for persuading the board of directors to give her interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options. The CEO's behavior may be indication of
A) reasonably compensating a CEO.
B) a weak board of directors.
C) the laxity of institutional investors.
D) the difference in risk propensity between owners and managers.

Answers

Answer:

B) a weak board of directors

Explanation:

The board of directors of a company are elected group of people that represents the interest of shareholders of a company.

They provide oversight by meeting at intervals to set policies that will govern the company.

In the given scenario the CEO got interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options.

This is with the consent of the board of directors and despite the company earning below-average returns.

It is a sign that the board of directors is weak and are not adequately representating the wishes of the shareholders.

how does the exchange rate affect international trade

Answers

Answer: The correct answer is C. They determine how much can import for a certain amount of currency.

Explanation:

Why is the market demand curve for public goods calculated as a vertical summation of individual demand​ curves?
A. because public goods require vertical summation to account for the higher level of fairness compared to private goods.
B. because public goods are finite in availability of​ consumption, so the vertical summation accounts for the limit.
C. because the public good is​ non-rival, so you and others can consume every unit of the good at the same time.
D. because public goods are the opposite of private​ goods, therefore the summing must be done similar to club goods.

Answers

Answer:

c

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue. The demand curve for public goods is summed vertically because all individuals can consume every unit of the good at the same time.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

When Deer Valley Resort Co. (DVRC) was developing its ski resort in the Wasatch Mountains near Park City, Utah, it sold parcels of land in the resort village to third parties. Each sales contract reserved the right of approval over the conduct of certain businesses on the property, including ski rentals. For fifteen years, DVRC permitted Christy Sports, LLC, to rent skis in competition with DVRC’s ski rental outlet. When DVRC opened a new midmountain ski rental outlet, it revoked Christy’s permission to rent skis. This meant that most skiers who flew into Salt Lake City and shuttled to Deer Valley had few choices: they could carry their ski equipment with them on their flights, take a shuttle into Park City and look for cheaper ski rentals there, or rent from DVRC. Christy filed a suit in a federal district court against DVRC. Was DVRC’s action an attempt to monopolize in violation of Section 2 of the Sherman Act? Why or why not? [Christy Sports, LLC v. Deer Valley Resort Co., 555 F.3d 1188 (10th Cir. 2009)] (See Monopolization.)

Answers

Answer:

Yes, In this case DRVC acted alone so Sherman Act may apply.

Explanation:

Sherman acts states that every person who shall monopolize or attempts to monopolize or conspire with other person to monopolize any part of trade among the several states with foreign nations shall be deemed guilty of a felony. This act can be violated by one or more persons.

Lily would like to gather more information about investing in stock. What resources can she use to find out more information

Answers

Answer:

The correct answer is C

Explanation:

C or the third answer gives the most comprehensive answer.

A full-service stock broker can give profesional, tailor-made advise, but this person could also have less depth than a book, which would be the most comprehesive information source.

Financial articles and financial advisers can also serve this purpose, by providing brief information in more specific topics.

History of Stock Exchange in India

Answers

Answer:

The first organised stock exchange in India was started in 1875 at Bombay and it is stated to be the oldest in Asia. In 1894 the Ahmedabad Stock Exchange was started to facilitate dealings in the shares of textile mills there. The Calcutta stock exchange was started in 1908 to provide a market for shares of plantations and jute mills.

Then the madras stock exchange was started in 1920. At present there are 24 stock exchanges in the country, 21 of them being regional ones with allotted areas. Two others set up in the reform era, viz., the National Stock Exchange (NSE) and Over the Counter Exchange of India (OICEI), have mandate to have nation-wise trading.

They are located at Ahmedabad, Vadodara, Bangalore, Bhubaneswar, Mumbai, Kolkata, Kochi, Coimbatore, Delhi, Guwahati, Hyderabad, Indore, Jaipur’ Kanpur, Ludhiana, Chennai Mangalore, Meerut, Patna, Pune, Rajkot.

The Stock Exchanges are being administered by their governing boards and executive chiefs. Policies relating to their regulation and control are laid down by the Ministry of Finance. Government also Constituted Securities and Exchange Board of India (SEBI) in April 1988 for orderly development and regulation of securities industry and stock exchanges.

the alocholic beverages in a private club are

Answers

Answer:

The alcohol beverages in a private club are owned by the members. Further explanation: A private club is referred to as a place to mingle and meet with individuals of similar interests. In a private club, anyone cannot just enter or join.

Explanation:

Plz mark me brainlyest

Amanda, a florist, is the owner of Flush Inc. She receives a mail from Pluto Corp., a manufacturer of foam products, offering a water-soluble foam brick frequently used for arranging fresh flowers. According to the offer, if Amanda places an order with Pluto, she would be automatically registered to win $10,000 in a customer appreciation contest. This is an example of combining direct marketing with

Answers

Answer:

Sales promotion

Explanation:

From the question we are informed about Amanda, a florist, is the owner of Flush Inc. She receives a mail from Pluto Corp., a manufacturer of foam products, offering a water-soluble foam brick frequently used for arranging fresh flowers. According to the offer, if Amanda places an order with Pluto, she would be automatically registered to win $10,000 in a customer appreciation contest. This is an example of combining direct marketing with Sales promotion.

Direct marketing can be regarded as any marketing which is based on

direct communication as well as direct distribution of products to individual consumers, it's not carried it with help of third party like social media, texting campaigns or mass media.

Sales promotion can be regarded as a process involving persuasion of a potential customer so they can buy a product. Sales promotion is a technique suitable to be used in short-term tactic so that sales can be boosted, and usually target at consumers.

On January 1, 2021, Nana Company paid $100,000 for 8,300 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $55,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $63 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021

Answers

Answer:

$522,900 will be reported in the balance sheet of Nana Company for the investment in Papa on December 31, 2021

Explanation:

The amount That will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021, can be calculated using the following formula

Amount of Investment =  Total Numbers of shares x  Fair value of Papa stock

Where

Total Numbers of shares = 8,300 shares

Fair value of Papa stock = $63 per share

Placing values in the formula

Amount of Investment =  8,300 x  $63

Amount of Investment =  $522,900

explain hotel manager​

Answers

Answer:

Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.

Answer:

hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget

If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not chang

Answers

A. Decreases and the money supply eventually decreases

Saving is:a) the difference between real GDP and disposable income while savings is the difference between disposable income and consumption spending.b) the amount one does not consume in a given period of time while savings is the accumulation of past periods of saving.c) the difference between disposable income and spending on goods and services while savings is the difference between real GDP and disposable income.d) the accumulation of past periods of savings while savings is the amount of disposable income that is not consumed in a given period of time.

Answers

Answer:

b

Explanation:

Saving is the difference between disposable income and consumption

Saving = disposable income - consumption

for example, if disposable income is $1000 and consumption is $600. Saving is $400

the higher consumption is, the lower saving would be. the lower consumption is, the higher saving would be

Savings is the total amount of money saved over a period of time

How does microfinance benefit an economy?​

Answers

Answer:

it enables people to use money wisely

Explanation:

this is because a specific amount of money will be provided for a specific reason

Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month. The entry to replenish the petty cash fund will include: A. A debit to Cash for $378. B. A debit to Cash Over and Short for $5. C. A debit to Petty Cash for $383. D. A credit to Cash for $383. E. A credit to Cash Over and Short for $5.

Answers

Answer:

B. A debit to Cash Over and Short for $5.

Explanation:

Preparation to determine what The entry to replenish the petty cash fund will include:

Dr Expenses $383

Dr Cash Over and Short $5

[$450-($383+$62)]

Cr Cash $388

($383+$5)

(To replenish petty cash fund)

Cash shortage=$450 - $62 - $383

Cash shortage= $5.00

Reimbursement and credit to cash=$383+$5.00 Reimbursement and credit to cash= $388

Therefore The entry to replenish the petty cash fund will include: A debit to Cash Over and Short for $5

n a bicycle race with a $5,000 prize for the winner, a cyclist was leading by a significant margin. A spectator at the race was married to the second place rider. Sensing that her husband would not win unless she took action, the spectator drove to a point two miles ahead on the course, scattered several nails in the middle of the course, and then left the area. Soon thereafter, the cyclist approached the area and noticed the nails. He attempted to swerve around the obstruction but a nail punctured his tire. He fell off his bike, suffered significant physical injuries, and was unable to complete the race. If the cyclist sues the spectator, under what theory is the cyclist least likely to recover maximum punitive damages

Answers

Answer: intentional infliction of emotional distress.

Explanation:

In order for an individual to be able to make a claim of intentional infliction of emotional distress, it is required that the plaintiff must prove that the defendant intentionally acted recklessly or caused emotional distress to the person. In this case, there no evidence that an emotional distress was suffered.

Therefore, the theory that the cyclist is least likely to recover maximum punitive damages is intentional infliction of emotional distress.

Your merchant fee is 3%. Your
customers paid you $2,200,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]

Answers

Answer:

66,000

Explanation:

2,200,000*.03= 66,000

The Texas Department of Education has offices throughout the state covering more than 268,000 square miles. State
documents are stored on a large server in a central location, so that employees can access the data they need
regardless of their physical location. The type of network used by the organization is most likely a
LAN
MAN
WAN

Answers

Answer:

Wide area network (WAN)

Explanation:

A local area network (LAN) refers to a group of personal computers (PCs) or terminals that are located within the same general area and connected by a common network cable (communication circuit), so that they can exchange information from one node of the network to another. A local area network (LAN) is typically used in small or limited areas such as a set of rooms, a single building, school, hospital, or a set of well-connected buildings. Some of the network devices or equipments used in a local area network (LAN) includes an access point, personal computers, a switch, a router, printer, etc.

On the other hand, a metropolitan area network (MAN) is formed by an aggregation of multiple local area network (LAN) that are interconnected using backbone provided by an internet service provider (ISP). A metropolitan area network (MAN) spans for about 5 kilometers to 50 kilometers in size.

Basically, a metropolitan area network (MAN) spans across a geographic area such as a city and it's larger than a local area network (LAN) but significantly smaller than a wide area network (WAN).

Wide area network (WAN) can be defined as a telecommunication network that covers a wide range of geographical locations such as countries or regions across the world for the purpose of communication and sharing information and data between different users.

Hence, a network that has locations in different countries is considered a wide area network (WAN).

Generally, wide area network (WAN) makes it possible for various organizations to interconnect with their branch offices, headquarters and other multiple locations across the globe. Wide area network (WAN) usually span over a distance of 50 kilometers.

Hence, the type of network used by the organization is most likely a Wide area network (WAN).

Thomas and stephani are married with four qualifying children. Their earned income is 28500. Calculate the eic using the eic formula

Answers

Answer:

$6,557.

Explanation:

Following the eic formula, The eic of Thomas and Stephani filling as jointly married with over 3 children and an income < $55952  is = $6,557.

using the eic formula

= $6557

Did the demand curve shift during the coronavirus?

Answers

Answer:

Yes, it is correct to say that the demand curve shifted during the coronavirus, as the pandemic was an unexpected event that caused a planned economic recession, with the main objective of reducing production levels and demand in order to contain the pandemic.

One of the examples was the legislation that forced the closing of stores and restaurants in order to reduce the circulation and agglomeration of people in order to reduce the contagion by the virus, which caused a drop in demand and jobs.

required Journal entry
received rs 18000 from debtors and discount allowed him Rs 2000
it's urgent
please help me(mark as BRAINLIEST)​

Answers

Mwlqlqmqnqn im not sure...

Explanation:

Nakwqqhthats

Interim financial statements refer to financial reports: Multiple Choice That cover less than one year, usually spanning one, three, or six-month periods. That are prepared before any adjustments have been recorded. That show the assets above the liabilities and the liabilities above the equity. Where revenues are reported on the income statement when cash is received and expenses are reported when cash is paid. That show assets and liabilities, but not equity.

Answers

Answer:

That cover less than one year, usually spanning one, three, or six-month periods.

Explanation:

Interim financial statements are the financial statements for a period covering less than a year.

they are used to convey the performance of a firm before the end of a full reporting cycle

Interim statements are not audited unlike the annual reports.

Components of an interim financial statement includes:

(a) condensed balance sheet

(b) condensed statement of profit and loss;

(c) condensed cash flow statement

(d) selected explanatory notes.

In the summer of 2002, Kelly Flatley and Brendan Synnott joined forces to launch a homemade granola business out of Flatley's parents' home. They had no advertising budget, so they had to find other ways to let consumers know about Bear Naked Granola. The entrepreneurs went door-to-door to small specialty and natural food stores. They also set up tables and tents at community events and 5K charity runs where they gave away samples of their granola. From this information, you can infer that Flatley and Synnott used the _____ method for promoting their product.

Answers

Answer: all available funds

Explanation:

From the information given in the question, it can be infer that Flatley and Synnott used the all available funds method for promoting their product.

This all available funds method is the allocation of all the available profits for advertising purposes. It is an aggressive method as it can invoice moving door to door or doing at other means in order to promote a product. It is useful when a new company wants to increase the consumer awareness with regards to its products or services.

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The large number of alveoli in lungs improve gas exchange by ________. increasing the surface area for diffusion decreasing the distance for diffusion changing the diffusion constant increasing the concentration difference Describe the five types of physical activity. Give an example of each. The sky is blue because: Select one: a. the index of refraction for air is slightly larger for blue than for red b. atomic hydrogen is blue c. air molecules tend to polarize light along a horizontal axis d. oxygen and nitrogen molecules are small compared to the wavelengths of visible light e. oxygen molecules have a lower energy ground state than nitrogen molecules PLS HELP ME ON THIS QUESTION I WILL MARK YOU AS BRAINLIEST IF YOU KNOW THE ANSWER!! help me with this question 0. When measuring tert-butyl alcohol for this experiment, a student first weighs an empty graduated cylinder, then pours 15 mL of the alcohol into the graduated cylinder and weighs the cylinder again. He records the amount of alcohol used as the difference in these two masses. What is wrong with this method What are the process of microeconomics? What are the solutions to overcome problems caused by fold mountains? Identify the transformed function that represents f(x) = ln x stretched vertically by a factor of 17, reflected across the x-axis, and shifted by 19 units left.A. g(x) = 17ln (x + 19)B. g(x) = 17ln (x 19)C. g(x) = 17ln (x + 19)D. g(x) = 17ln (x 19) Help me please.. Let A^=6i^+4j^_2k^ and B= 2i^_2j^+3k^. find the sum and difference of A and B why did the US choose to enter World War 1 Find the measure of one exterior angle for the following regular polygon. Find the measure of a. A. 110 B. 125 C. 55 D. 75 The length of a rectangle is twice its width. If the area of the rectangle is 72in, find its perimeter Similarities and differences between reggae and pop music? Graph y=|x|+5, how does it compare to parent graph y=|x| Does this set of ordered Paris represent a function? Why or why not Dennis Rodman has a $5,000 debt balance on his Visa card that charges 10. 7 percent compounded monthly. Dennis's current minimum monthly payment is 5 perent of his debt balance, which is $250. How many months (round up) will it take Dennis to pay off his credit card if he pays the current minimum payment of $250 at the end of each month?How many months will it take Dennis to pay off his credit card?