You spent $750 with your credit card last month and your credit card company charges you 19.99%
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You spent $750 with your credit card last month and your credit card company charges you 19.99% APR, compounded monthly. If you continue to make a minimum payment of $25 every month, how many years will it take you to pay off your balance?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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