Question
32. Lamar has budgeted to pay $150 each month on his credit card which has a $4,938 balance and has an annual finance rate of
32. Lamar has budgeted to pay $150 each month on his credit card which has a $4,938 balance and has an annual finance rate of 19.9%. If he wants to pay the credit card off in 1 year, how much would he have to increase his monthly payment by?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
