You owe $6200 on a credit card that charges 24% annual interest. You can pay $200 each month with no new charges.
Build a numerical solution using Excel and include the spreadsheet as part of your response.
When will the account be paid off? How much is the last payment?
List three observations that you can make based on a month-to-month analysis of your results.
(please do not just repost a previous answer, it is not correct-or is missing something)

Answer rating: 100% (QA)

List the Input as follows Use the Builtin Excel Formula of NPER as Following is the Result Therefore ... View the full answer