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thank you suppose that on January 1 do you have a balance of 5500 on a credit card whose APR is 19% which you want
thank you
suppose that on January 1 do you have a balance of 5500 on a credit card whose APR is 19% which you want to pay off in two years assume that you make no additional charges to the card after January 1
Suppose that on Jananty 1 you have a balance of $5500 on a credit card whose APR is 19%which you want to pay oft in 2 years. Assume that you make no additional charges to the card after January 1 a Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 17 c. What percentage of your total payment (part b) la interest? a. The monthly payment is (Do not round until the final wwer. Then round to the nearest centas nooded) b. The total paid since January 11 $ (Une the wwwer from port a to find this answer. Round to the nearest cent as needed) c. The percentage of the total paid that is interest is % (Unn the answer from part to find this answer. Round to one decimal place as needed 1.) calculte monthly payments
2.) when the card is paid off, how mhch will you have paid since january 1
3.) what percentage of your total payment (part b) is intrest?
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