Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When the outstanding balance was $20,000 and a minimum payment of 6% is made, how many months does it take to pay off the balance?
When the outstanding balance was $20,000 and a minimum payment of 6% is made, how many months does it take to pay off the balance?
approx. 49 |
approx. 99 |
approx. 114 |
approx. 244
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started