Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have a credit card balance of $2,406.93. You quit using the card and make monthly payments of $200. Assuming your interest rate is 18%,
You have a credit card balance of $2,406.93. You quit using the card and make monthly payments of $200. Assuming your interest rate is 18%, how long will it take you to pay off the balance?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started