You have a credit card balance of $5,000 with an interest rate of 20% per annum. You
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You have a credit card balance of $5,000 with an interest rate of 20% per annum. You can afford to pay $200 per month to reduce your debt. How many months will it take you to pay off the debt, and how much interest will you pay in total?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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