Question
Phoebe realizes that she has charged too much on her credit card and has racked up $4,900 in debt. If she can pay $250 each
| Phoebe realizes that she has charged too much on her credit card and has racked up $4,900 in debt. If she can pay $250 each month and the card charges 17 percent APR (compounded monthly), how long will it take her to pay off the debt?(Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
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Principles Of Finance
Authors: Besley, Scott Besley, Eugene F Brigham, Brigham
4th Edition
0324655886, 9780324655889
