Question
Victor owes $20,000 on his credit card. The annual interest rate is 17%. a. Approximately how many years will it take him to pay off
Victor owes $20,000 on his credit card. The annual interest rate is 17%.
a. Approximately how many years will it take him to pay off this credit card if he makes a monthly payment of $300?
b. Approximately how many years will it take him to pay off this credit card if he makes a monthly payment of $400?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
