Question
You currently owe $2,500 on your credit card, which calculates interest based on 18.35% APR, compounded daily. You make quarterly payments of $900 at the
You currently owe $2,500 on your credit card, which calculates interest based on 18.35% APR, compounded daily. You make quarterly payments of $900 at the end of every quarter, and you make your first payment exactly one quarter from now. How many quarters until you pay off your credit card debt? Assume 91 days in each quarter.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
