Answered step by step
Verified Expert Solution
Question
1 Approved Answer
sarah bought a raft for $706 using her credit card. The interst rate is 0.193 compounded monthly. If she pays $25 a month, how long
sarah bought a raft for $706 using her credit card. The interst rate is 0.193 compounded monthly. If she pays $25 a month, how long will it take her to pay off the credit card?
Round it to integer. (if it is 26.34 months, enter 26, if it is 26.54, enter 27).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started