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Real-world examples please show your work (N, I/Y, PV, PMT FV)! Suppose Jose spontaneously decides to treat all his friends to pizza, drinks, and dessert
- Real-world examples please show your work (N, I/Y, PV, PMT FV)!
- Suppose Jose spontaneously decides to treat all his friends to pizza, drinks, and dessert at a dine-in Italian place. He has already spent his excess cash from his paycheck so he decides to put it on his credit card and pay for it later. The total cost for the pizza for his group of friends including the tip is $125.87. His credit card has an interest rate of 20.99%. If he makes payments of $30 per month, how long it take him to pay for that spontaneous purchase?
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
