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If you can please answer this questions as soon as possible. Thank you. A ) Assume you have a balance of $ 3 5 0
If you can please answer this questions as soon as possible. Thank you. A Assume you have a balance of $ on a credit card with an APR of You start making monthly payments of $ but at the same time you charge an additional $ per month to the credit card.
Assume that interest for a given month is based on the balance for the previous month. The following table shows you the headings that you should use in your table. Type these headings into a new blank Excel file and use Excel formulas starting in month to extend the table to show the balance at the end of each month until the debt is paid off. Round your numbers to the nearest cent.
B How long does it take to pay off the credit card debt?
INCLUDE THE FORMULA OR SOLUTION HOW TO ANSWER EACH BOXES.
Put the answer to part b below the table in your Excel File
tableABDCMonths,tableBeginningBalanceInterest,Payment,Expenses,tableEndingBalance$
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