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URGENT SOLVEE IN EXCEL 36. A credit card has a balance of 15,000 with an APR of 20.1% compounded monthly. If past monthly payments of

URGENT SOLVEE IN EXCEL

image text in transcribed 36. A credit card has a balance of 15,000 with an APR of 20.1% compounded monthly. If past monthly payments of 300 are increased to 325 going forward, how much faster will the balance get paid? 37. What is the YTM on bonds that have a 6% coupon (semi-annual), mature in 16.5 years and are priced at 98 ? Assume a 1,000 face value

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