You decide to quit using your credit card and want to pay off the balance of $ 1 2 , 5 0 0 in 4 years Your interest rate is 2 0 3 compounded monthly What will your monthly payments be ...

To calculate the monthly payments needed to pay off a credit card balance of 12500 in 4 years with a ...

You decide to quit using your credit card and want to pay off the balance of $

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Question:

You decide to quit using your credit card and want to pay off the balance of $

12, 500

4

years. Your interest rate is

20.3 %

compounded monthly. What will your monthly payments be

?

Posted Date: May 13, 2024 02:51 AM

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You decide to quit using your credit card and want to pay off the balance of $

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