Question
Jason has $3,526.55 in credit card debt. The annual interest rate on the unpaid balance is 18.4% compounded monthly. If Jason wants to pay off
Jason has $3,526.55 in credit card debt. The annual interest rate on the unpaid balance is 18.4% compounded monthly. If Jason wants to pay off his credit card debt in 2 years, what is his monthly payment, assuming he makes no additional purchases on this card? (Suggestion: Use the formula for the present value of an ordinary annuity. Round your answer to the nearest cent.)
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Value Based Management For Accounts Receivable
Authors: Kimberly Don Ketron
1505911184, 978-1505911183
