Question
Phoebe realizes that she has charged too much on her credit card and has racked up $5,000 in debt. If she can pay $250 each
Phoebe realizes that she has charged too much on her credit card and has racked up $5,000 in debt. If she can pay $250 each month and the card charges 20 percent APR (compounded monthly), how long will it take her to pay off the debt, in months?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
