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loan payments, credit cards and mortgage question 14 Homework: 4D: Loan Payments, Credit Cards and Mortgage Question 14, 4.D.31 Part 1 of 3 Suppose that
loan payments, credit cards and mortgage question 14
Homework: 4D: Loan Payments, Credit Cards and Mortgage Question 14, 4.D.31 Part 1 of 3 Suppose that on January 1 you have a balance of $3900 on a credit card whose APR is 12%, which you want to pay off in 3 years. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 17 c. What percentage of your total payment (part b) is interest? a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Help me solve this HW Score: 26.32%, 5 of 19 points O Points: 0 of 1 View an example Get more help. Clear all Save Check Step by Step Solution
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