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the apr on the card is 12%, and you are not going to use the cardinal paid in full. assume you owe $1383. your monthly
the apr on the card is 12%, and you are not going to use the cardinal paid in full. assume you owe $1383. your monthly payment is 1/40 of you balance, $20. 1- how long it will take you to pay of the credit card debt? 2- how much interest over the course of your credit card debt? (total interest on the original $1000 spent)
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
978-0324592375
