Question
You are delinquent on one of your credit cards. You have agreed with the bank to make payments of $90 per month starting the end
You are delinquent on one of your credit cards. You have agreed with the bank to make payments of $90 per month starting the end of this month. The interest rate on the balance is 1% per month. If you owe $8,000, how long will it take for the account to be paid off?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the time it will take to pay off the credit card balance we can use the formula f...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
