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Question 16 (0.15 points) You have an outstanding credit card balance of $1,000. You decide to stop making new charges and pay $425 each month

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Question 16 (0.15 points) You have an outstanding credit card balance of $1,000. You decide to stop making new charges and pay $425 each month until the balance is paid. If your annual interest rate is 18%, how many months will it take you to pay off your balance? Your Answer: Answer View hint for Question 16 Question 17 (0.15 points) You are comparing the cost of credit to the cash price of an item. If you make a down payment of $100 and pay $55 per month for 12 months, how much more will that amount be than a cash price of $606? Your

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