Question
Simon recently received a credit card with an 36.25% nominal interest rate. With the card, he purchased an Apple iPhone 6 for $445.71. The minimum
Simon recently received a credit card with an 36.25% nominal interest rate. With the card, he purchased an Apple iPhone 6 for $445.71. The minimum payment on the card is only $10 per month. makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card?
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
