Question
Q3 Joey has an outstanding credit card balance of $9,853 carrying an APR finance rate of 17.4% (note interest will be compounded monthly) and requiring
Q3
"Joey has an outstanding credit card balance of $9,853 carrying an APR finance rate of 17.4% (note interest will be compounded monthly) and requiring minimum monthly payments of $205 per month -If only the minimum monthly payment is made, how many months will it take to completely pay off this credit card balance (assuming no new charges)?"
| 84.0 | ||
| 82.9 | ||
| 56.4 | ||
| 86.0 | ||
| 48.1 | ||
| 70.6 | ||
| 97.4 |
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
