Question
You are late paying a bill for $12,536.59. You have made arrangements to pay off the bill in installments of $280 per month, and you
You are late paying a bill for
$12,536.59.
You have made arrangements to pay off the bill in installments of
$280
per month, and you will be charged monthly interest of
1.1%
on the overdue balance. How many months will it take you to pay off the account balance?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
