Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The annual interest rate on a credit card is 14.99%. If a payment of $200.00 is made each month, how many months will it take

image text in transcribed
The annual interest rate on a credit card is 14.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $2,413.58? Assume that no new purchases are made with the credit card. It will take |:| months to pay off the unpaid balance. (Do not round until the nal answer. Then round up to the nearest integer as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra And Trigonometry A Unit Circle Approach,

Authors: Mark Dugopolski

6th Edition

0321867564, 9780321867568

More Books

Students also viewed these Mathematics questions

Question

List at least three uses of data mining.

Answered: 1 week ago