Question
You have a credit card that charges 18% per year interest or 1.5% per month. Interest is charged at the beginning of the month.You buy
You have a credit card that charges 18% per year interest or 1.5% per month. Interest is charged at the beginning of the month.You buy a TV for $1500 on the credit card, but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month.
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
