Question
How many payments? You graduate and owe $10,000 on your credit card which charges 1.5% interest. You plan on paying only the minimum payment of
How many payments?
You graduate and owe $10,000 on your credit card which charges 1.5% interest. You plan on paying only the minimum payment of $200 until it is paid off. How many months will it take you to get out from under this debt?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
