Question
*CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS. Q; Helen recently received a credit card with a nominal interest rate
*CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS.
Q; Helen recently received a credit card with a nominal interest rate of 16 percent. With the card, she purchased some new clothes for $450. The minimum payment on the card is only $10 per month. If Helen makes the minimum monthly payment and makes no other charges, how long will it be before she pays off the card?
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Own Your Money
Authors: Michela Allocca
1st Edition
0760381127, 978-0760381120
