Question
TJ has a credit card balance of $4,000. His interest rate is 15.9% and he plans to pay $240/month. How long will it take him
TJ has a credit card balance of $4,000. His interest rate is 15.9% and he plans to pay $240/month. How long will it take him to pay it off?
In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number):
- PV
- FV
- Rate %
- Periods
- Payment
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
