Question
For many households, repayment of high-interest debt is an important financial goal. Using the following table, estimate the payments necessary to pay-off $10000 in credit
For many households, repayment of high-interest debt is an important financial goal. Using the following table, estimate the payments necessary to pay-off $10000 in credit card debt in 2 years at 21% APR.
| Monthly Payment Necessary to Pay Off Debt in the Amount of: | ||||||||||
| Months to Pay | Interest Rate | $1,000 | $2,500 | $5,000 | $10,000 | |||||
| 12 | 12% | $89 | $222 | $444 | $888 | |||||
| 15% | 90 | 226 | 451 | 903 | ||||||
| 18% | 92 | 229 | 458 | 917 | ||||||
| 21% | 93 | 233 | 466 | 931 | ||||||
| 24 | 12% | 47 | 118 | 235 | 471 | |||||
| 15% | 48 | 121 | 242 | 485 | ||||||
| 18% | 50 | 125 | 250 | 499 | ||||||
| 21% | 51 | 128 | 257 | 514 |
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Local Disaster Resilience Administrative And Political Perspectives
Authors: Ellen Russell, Ashley D Ross
1st Edition
1135910618, 9781135910617
