Question
You have a $7,750 balance on a credit card with an APR of 15.99%, with monthly compounding. Assuming you make the minimum payment of $150
You have a $7,750 balance on a credit card with an APR of 15.99%, with monthly compounding. Assuming you make the minimum payment of $150 every month, how long in years will it take until the balance is zero?
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
