Question
Today, you borrowed $3,200 on a credit card that charges a monthly interest rate of 1.5 percent. How long will it take you to pay
Today, you borrowed $3,200 on a credit card that charges a monthly interest rate of 1.5 percent. 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 $70?
Group of answer choices
42 months
90 months
78 months
51 months
61 months
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
