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i need help on this question Investigation 2: Three friends each spent $8,000 on their brand new credit cards with a 2% monthly interest rate.
i need help on this question
Investigation 2: Three friends each spent $8,000 on their brand new credit cards with a 2% monthly interest rate. They ve decided that they will not make any other purchases on their cards until they pay off the debt and all make varying amounts of monthly payments. Cecilia can set aside $500 per month to pay back her debt. Sharon can only pay $100 per month. Alexander can pay $1250 per month for his credit card. . . After 5 months, how much will each person have paid in finance charges so far and how much will they still have to pay back? Use the blank tables below for your calculations. Payment Ending Balance Cecilia: Month | Balance 1 Finance Charge New Balance 2 3 4 5 Step by Step Solution
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