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You have $4,500 on a credit card that charges a 20% interest rate. If you want to pay off the credit card in 3 years,
You have $4,500 on a credit card that charges a 20% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Disclaimer: this is treating credit cards as an amortized loan, which they are not. $ each month
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International Finance Theory And Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Global Edition
1292238739, 978-1292238739
