Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

You currently owe $ 7 , 0 0 0 on your credit card. How many months will it will take for you to payoff your

You currently owe $7,000 on your credit card. How many months will it will take for you to payoff your credit card if you make the minimum $205 per month payment? The card has an APR of 21%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions