Question
You have a credit card with a balance of $13,900 and an APR of 18.1 percent compounded monthly. You have been making monthly payments of
You have a credit card with a balance of $13,900 and an APR of 18.1 percent compounded monthly. You have been making monthly payments of $265 per month, but you have received a substantial raise and will increase your monthly payments to $340 per month. How many months quicker will you be able to pay off the account?
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
