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QUESTION 18 You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate
QUESTION 18 You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate is 15%, if you wanted to figure out how long will it take you to pay off the balance what would you enter for the future value? 2,406 2,406 100 100 0 QUESTION 19 You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate is 15%, how long will it take you to pay off the balance? 48 months 86 months 29 months None of the above QUESTION 20 Your parents deposited $2,000 into a college fund for you 15 years ago. Your grandmother has also been depositing $50 into that fund every month. If the fund earns 6% annual interest, how much money has been accumulated so far? $16,995 $17,945 $19,449 $18,425
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