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You have $5,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit card in 3
You have $5,000 on a credit card that charges a 22% 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)? tA each month
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Solution We can use the following formula M PX 12 wheree Monthly payment Preincipal amount ...
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
