Question
6. Suppose your credit card balance is $3,227.54. The monthly payment amount is $50, and the annual percentage rate is 10.60%, compounded monthly. (10 pts)
6. Suppose your credit card balance is $3,227.54. The monthly payment amount is $50, and the annual percentage rate is 10.60%, compounded monthly. (10 pts) If you make a constant monthly payment of $50, beginning at the end of the month, how long will it take you to pay off the credit balance? (5 pts) Assuming monthly payments are made, what is the balance on the credit card in 3 years?
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The Everything Guide To Investing In Cryptocurrency From Bitcoin To Ripple The Safe And Secure Way To Buy Trade And Mine Digital Currencies
Authors: Ryan Derousseau
1st Edition
1507209320, 978-1507209325
