Question
Q3) You currently owe $2,540 to your credit card that charges an annual interest rate of 20.00%. You make $155 of new charges every month
Q3) You currently owe $2,540 to your credit card that charges an annual interest rate of 20.00%. You make $155 of new charges every month and make a payment of $223 every month. What will your credit card balance be in three months?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
