Question
At present, the average undergraduate student is responsible for paying off a $3500 balance on his credit card reaching its maximum credit limit. Suppose the
At present, the average undergraduate student is responsible for paying off a $3500 balance on his credit card reaching its maximum credit limit. Suppose the monthly interest rate is 1.75%. How many years will it take to repay the $3500 balance assuming monthly payments of $100 are made and no additional hidden charges to the credit card?
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
