Question
You have a credit card balance of $5,000 with an interest rate of 20% per annum. You can afford to pay $200 per month to
You have a credit card balance of $5,000 with an interest rate of 20% per annum. You can afford to pay $200 per month to reduce your debt. How many months will it take you to pay off the debt, and how much interest will you pay in total?
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
