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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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
