Question
Phoebe realizes that she has charged too much on her credit card and has racked up $5,700 in debt. If she can pay $200 each
Phoebe realizes that she has charged too much on her credit card and has racked up $5,700 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?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
Time to pay off debt months?
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
