Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How long would it take you to pay off a credit card with a balance of $6,509 assuming no further purchases, APR of 18.2%, and

How long would it take you to pay off a credit card with a balance of $6,509 assuming no further purchases, APR of 18.2%, and monthly payments of $108? Note: You can solve this with a financial calculator or by trial and error using the four multiple choices below?

176 months

163 months

43 months

120 months

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Leadership The Professional And Leadership Skills You Need

Authors: Brian D. Kush

1st Edition

0470450010, 9780470450017

More Books

Students also viewed these Accounting questions