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Please help! Question 9 & 10 Suppose you have Credit Card Balance $4,000 with annual interest rate 25%; assume minimum monthly payment: $100. How long
Please help! Question 9 & 10
Suppose you have Credit Card Balance $4,000 with annual interest rate 25%; assume minimum monthly payment: $100. How long it would take you to pay off your balance if every month you make minimum payments only? 78.96 months 86.89 months 79.63 months 40 months Question 10 2 pts Refer to the credit card question above, what is the total amount of interest you paid? $3,896 $3.963 $4,000 $4,689 Step by Step Solution
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