Question
Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made
Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made the minimum payment of $150 per month on your credit card balance, how long will it take you to pay off a $5,000 balance?
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Elementary Statistics Using Excel
Authors: Mario F. Triola
7th Edition
0136921728, 978-0136921721
