Joey realizes that he has charged too much on his credit card and has racked up $5,000

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Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month and the card charges 17 percent APR (compounded monthly), how long will it take him to pay off the debt?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

Question Posted: Sep 23, 2014 10:26 AM

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Joey realizes that he has charged too much on his credit card and has racked up $5,000

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Finance Applications and Theory

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