Question
Suppose your credit card balance is $5,227.54. The minimum payment amount is $75 and the annual percentage rate is 12%. a) If you make a
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Suppose your credit card balance is $5,227.54. The minimum payment amount is $75 and the annual percentage rate is 12%.
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a) If you make a constant monthly payment of $75, how long will it take
you to payoff the credit balance?
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b) What will your balance be in two years (24 months)?
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Mastering Islamic Finance
Authors: Faizal Karbani
1st Edition
1292001445, 978-1292001449
