Question
Suppose you have a balance of $3200 on your credit card, which charges an APR of 30%. If you want to pay off the balance
Suppose you have a balance of $3200 on your credit card, which charges an APR of 30%. If you want to pay off the balance in 18 months, how much should you pay each month? Assume that you charge no additional expenses to the card.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
