Question
Thom owes $5,400 on his credit card. The credit card carries an APR of 17.5 percent compounded monthly. If Thom makes monthly payments of $180
Thom owes $5,400 on his credit card. The credit card carries an APR of 17.5 percent compounded monthly. If Thom makes monthly payments of $180 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
