Suppose you use a 17% credit card for the purchase.

How

much will you pay in interest for

the loan

if it is paid off in 24 months

?

Suppose you

use a 17% credit card for the purchase and

make the minimum payment listed on your

monthly credit card statement.

How many months will it take to pay off the purchase if you make the minimum payment

,

assuming the minimum

payment

is 4% of the outstanding balance

?

Suppose you use a 17% credit card for the purchase and make the minimum payment.

How much will you pay in interest for the loan

if the minimum payment is 4% of the outstanding

balance

?