Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The annual interest rate on a credit card is 15.99%. If a payment of $400.00 is made each month. how many months will it take
The annual interest rate on a credit card is 15.99%. If a payment of $400.00 is made each month. how many months will it take to pay off an unpaid balance of 32.32236? 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started