Question
If you have a credit card with a balance of $10,500 and an interest rate of 17.99% (compounded monthly), what is the payoff amount (i.e.
If you have a credit card with a balance of $10,500 and an interest rate of 17.99% (compounded monthly), what is the payoff amount (i.e. remaining principal amount) after 40 months of $276 payments?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
