Question
The annual interest rate on a credit card is 16.99%. 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 16.99%. If a payment of $400.00 is made each month, how many months will it take to pay off an unpaid balance of $2,538.75? Assuming there are no new charges on the credit card.
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
Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
