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You have two credit cards with an APR of 17% and 19% respectively. One card has a balance of $4,200 with a minimum payment of
- You have two credit cards with an APR of 17% and 19% respectively. One card has a balance of $4,200 with a minimum payment of $65/month and the other has a balance of $3,295 with a monthly minimum of $60. You currently can only afford the minimum monthly payments.
- Determine the total number of payments needed to pay off each credit card as separate bills.
- Determine the total number of payments needed to pay off each credit card as separate bills.
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