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Suppose your credit card balance is $16,000. The minimum payment is $312, and the annual percentage rate is 20.8%. a. If you make a
Suppose your credit card balance is $16,000. The minimum payment is $312, and the annual percentage rate is 20.8%. a. If you make a constant monthly payment of $312, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment?
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a If you make a constant monthly payment of 312 the monthly interest rate on the credit card balance ...
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
