Question
Problem 5-42 Number of Annuity Payments (LG5-10) Phoebe realizes that she has charged too much on her credit card and has racked up $5,200 in
Problem 5-42 Number of Annuity Payments (LG5-10)
Phoebe realizes that she has charged too much on her credit card and has racked up $5,200 in debt. If she can pay $250 each month and the card charges 12 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.)
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
