Question
Suppose you have a credit card with a balance of $12141.92 that charges 14.59% APR on unpaid balances. The minimum payment each month is $35.
Suppose you have a credit card with a balance of $12141.92 that charges 14.59% APR on unpaid balances. The minimum payment each month is $35. If you make just the minimum payment, how much interest will be added to your account balance?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
