Suppose that the outstanding amount on your credit card is 10,000. You have just received an...
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Suppose that the outstanding amount on your credit card is £10,000. You have just received an offer in the mail to transfer the balance from your current card, which charges an annual interest of 19.4 percent, to a new credit card charging a rate of 11.8 percent. If you transfer the balance to the new credit card, how much faster will you be able to pay the outstanding amount by making the planned monthly payments of £240 ? Write you answer in monthly periods with up to two decimal points. Option Tree Blank Suppose that the outstanding amount on your credit card is £10,000. You have just received an offer in the mail to transfer the balance from your current card, which charges an annual interest of 19.4 percent, to a new credit card charging a rate of 11.8 percent. If you transfer the balance to the new credit card, how much faster will you be able to pay the outstanding amount by making the planned monthly payments of £240 ? Write you answer in monthly periods with up to two decimal points. Option Tree Blank
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Related Book For
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman
Posted Date:
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