Question
Phoebe realizes that she has charged too much on her credit card and has racked up $6,300 in debt. If she can pay $200 each
Phoebe realizes that she has charged too much on her credit card and has racked up $6,300 in debt. If she can pay $200 each month and the card charges 18 percent APR (compounded monthly), how long will it take her to pay off the debt?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
