Question
Now, imagine that Brent charges $2,000 in car repairs and plans on paying a minimum monthly payment of $50. The card carries a 25% Annual
Now, imagine that Brent charges $2,000 in car repairs and plans on paying a minimum monthly payment of $50. The card carries a 25% Annual Percentage Rate (APR). How much are those car repairs really costing Brent and when will he pay off the amount owed?
| Original Purchase Cost | Months to Pay Off Debt | Amount Paid in Interest | Final Price |
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Digital Finance Big Data Start-ups And The Future Of Financial Services
Authors: Perry Beaumont
1st Edition
0367146797, 978-0367146795
