Question
Jake owes $3,990 on a credit card with an APR of 13.9%. How many months will it take him to pay off this balance if
Jake owes $3,990 on a credit card with an APR of 13.9%. How many months will it take him to pay off this balance if he makes monthly payments of $97.02? Assume he does not charge any further purchases
A. 60.18
B. 52.18
C. 54.18
D. 58.18
E. 56.18
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
