Question
Friend #2 Credit Card Debt How long will it take me to pay off my credit card balance of $13,750? The credit card company is
Friend #2 Credit Card Debt How long will it take me to pay off my credit card balance of $13,750? The credit card company is charging 10% interest. I can afford to pay $250/month but would prefer to pay $150/month because I want to continue my cable service. Please show me the answer to both scenarios.
Use two of the following three tools to solve the question. EXCEL Business calculator Text tables
Note: Include all the detail steps for each of the two tools you choose. The reader should be able to use your written steps to duplicate your calculation. For example, if using EXCEL show all formulas (copy so reader could duplicate your work). If using a business calculator, in detail in proper order show numbers and buttons you input to obtain your answer. Problems
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