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Suppose your credit card balance is $16500. The minimum payment is $344 and the annual percentage rate is 18.8%. a) If you make a constant
Suppose your credit card balance is $16500. The minimum payment is $344 and the annual percentage rate is 18.8%. a) If you make a constant monthly payment of $344 how long will it take you to pay off the credit card balance. Round your answer to four decimal places b) How much interest will you pay if you elect to make the minimum payment
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
