Question
1You bought a $1200 TV with your new credit card that charges 23% APR.Your plan is to pay off the card in 5 years. a)How
1You bought a $1200 TV with your new credit card that charges 23% APR.Your plan is to pay off the card in 5 years.
a)How much is your monthly payment?
b)After two years you plan to have better credit and use a card with a lower rate.What will the balance be at this time?
c)If at the two year point, you can then afford to pay $45 per month, how many months will it take you to pay off the balance if the new rate is 12%?
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
