Question
Suppose your credit card balance is 17,000. Your minimum payment is $345, and the annual percentage rate is 18.6%. a.) if you make a constant
Suppose your credit card balance is 17,000. Your minimum payment is $345, and the annual percentage rate is 18.6%. a.) if you make a constant payment of $345, how long will it take for you to pay off your credit card balance? b.) how much interest will you pay if you elect paying the minimum payment?
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Housing Policy And Finance
Authors: John Black, David Stafford
1st Edition
0415004195, 978-0415004190
