Question
How are payments to a line of credit calculated? For example, you have a line of credit of 5000$ and you use the entire amount
How are payments to a line of credit calculated? For example, you have a line of credit of 5000$ and you use the entire amount towards are credit card payment on the 1st of January 2023. You are thinking of paying back the 5000 in 2 months, 4 months, and 6 months. Use hypothetical numbers to depict the three payment options in full detail. (Note: Credit Cards are different to Lines of Credit)
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
