Again, consider Problem 12 above. Now assume that each month you charge $105. Determine what monthly payment

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Again, consider Problem 12 above. Now assume that each month you charge $105. Determine what monthly payment p will pay off the card in:

a. Two years.

b. Four years.

Data from problem 12

Your current credit card balance is $12,000 with a current rate of 19.9% per year. Interest is charged monthly. Determine what monthly payment p will pay off the card in.

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A First Course In Mathematical Modeling

ISBN: 9781285050904

5th Edition

Authors: Frank R. Giordano, William P. Fox, Steven B. Horton

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Question Posted: Jan 17, 2024 03:00 AM

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Again, consider Problem 12 above. Now assume that each month you charge $105. Determine what monthly payment

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A First Course In Mathematical Modeling

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