Question
James has a credit card balance of $25,000. The annual interest rate is 17%. He is required to pay a minimum of 3.5% of the
James has a credit card balance of $25,000. The annual interest rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month?
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Listed Volatility And Variance Derivatives
Authors: Yves Hilpisch
1st Edition
1119167914, 978-1119167914
