2. You just returned from a friends overseas wedding and youve run up a $5,000 bill on...
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2. You just returned from a friend’s overseas wedding and you’ve run up a $5,000 bill on your credit card that charges 19.90% per year, compounded monthly. Your plan is to make $150 payments monthly. How many months will it take you to repay the credit card debt off in full?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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