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You are going to pay off your Silver credit card balance completely by making monthly payments of $100 for the next 2 years. In other
You are going to pay off your Silver credit card balance completely by making monthly payments of $100 for the next 2 years. In other words, your balance will reduce to zero when the last (the 24th) payment is made. Credit card charges your balance an interest of 1% a month. How much will your credit card balance be immediately after the 14th payment is made?
$898.26 | ||
$853.02 | ||
$1,000.00 | ||
$811.09 | ||
$947.13 |
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