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suppose your credit card balance is 16,000 the minimum payment is $344 and the annual percentage rate is 18.2% a) if you make a constant
suppose your credit card balance is 16,000 the minimum payment is $344 and the annual percentage rate is 18.2%
a) if you make a constant monthly payment of $344 how long will it take you to pay off the credit card balance? ROUND TO 4 DECIMAL PLACES
b) how much interest will you pay if you elect to make the minimum payment?
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
