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18. 5.00 points value: Problem 5-41 Number of Annuity Payments (LG5-9) Joey realizes that he has charged too much on his credit card and has
18. 5.00 points value: Problem 5-41 Number of Annuity Payments (LG5-9) Joey realizes that he has charged too much on his credit card and has racked up $5,100 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly). how long will it take him to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Time to pay off the debt months HintsReferenceseBook & Resources Hint#1 Hint #2 Hint #3
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Principles Of Corporate Finance
Authors: Richard Brealey
10th Global Edition
0071314172, 9780071314176
