Today, you borrowed $6,200 on your credit card to purchase some furniture. The interest rate is 14.9 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $120?

Answer rating: 100% (QA)

It takes 8314 moths to clear the debt Function Arguments NPER Rate 14912 Pmt 120 ... View the full answer