Question
Joey realizes that he has charged too much on his credit card and has racked up $6,000 in debt. If he can pay $450 each
"Joey realizes that he has charged too much on his credit card and has racked up $6,000 in debt. If he can pay $450 each month and the card charges 20 percent APR (compounded monthly), how long will it take him to pay off the debt assuming no new purchases are made on the card (Show answers in months)?"
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
