Question
URGENT!! PLEASE HELP!!!! Q27: Fil recently opened a credit card account with a 15.99% nominal annual interest rate. Using the card, she purchased a new
URGENT!! PLEASE HELP!!!!
Q27: Fil recently opened a credit card account with a 15.99% nominal annual interest rate. Using the card, she purchased a new DVD recorder for $475. The statement just arrived, and the minimum payment is only $12.00. How long will it take her to pay this off? Round to whole months. PLEASE SHOW ALL WORK
A) 40 months
B) 32 months **** NOT THIS ONE
C) 13 months
D) 57 months
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
