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I ' m stuck, am I doing this right? Attached is a photo of where I ' m at . . . The annual percentage
Im stuck, am I doing this right? Attached is a photo of where Im at
The annual percentage rate APR on your credit card is and your bank uses monthly compounding. During the first week of school, you racked up $ in credit card debt. You do not have access to a cheaper source of financing, and you definitely do not want to tell your parents, so you decided that you will pay it all back in $ equal monthly installments. Your first payment is due one month from today. How long will it take you to bring your credit card balance to zero?APR Compounded montuly,
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