Suppose your credit card balance is $ 17,000 . The minimum payment is $ 348 , and

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Suppose your credit card balance is $17,000. The minimum payment is $348, and the annual percentage rate is 19.9%.

a.If you make a constant monthly payment of $348, how long will it take you to pay off the credit cardbalance?

b.How much interest will you pay if you elect to make the minimumpayment?

Posted Date: Jun 06, 2024 07:05 PM

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Suppose your credit card balance is $ 17,000 . The minimum payment is $ 348 , and

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