Question
Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each
Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month and the card charges 18 percent, APR (compounded monthly), how long will it take him to pay off the debt?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
