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You owe $2,500 on a credit card that is charging 15.2% interest? Fill in the missing information in following table: You can use the Excel
You owe $2,500 on a credit card that is charging 15.2% interest?
Fill in the missing information in following table:
You can use the Excel function: pmt(rate,nper,-pv) Round all your answers to the nearest dollar.
| Months to Pay Off | Monthly Payment | Total Amount Paid | Amount Paid in Interest |
|---|---|---|---|
| 48 | $ | $ | $ |
| 24 | $ | $ | $ |
| 12 | $ | $ | $ |
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
