Question
Today, you borrowed $1100 on your credit card to purchase some furniture. The interest rate is 24 percent, compounded monthly. How long will it take
Today, you borrowed $1100 on your credit card to purchase some furniture. The interest rate is 24 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $120?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W Melicher, Edgar Norton
13th Edition
0470128925, 9780470128923
