Question: A) Rounded to four decimal places B) Rounded to the nearest cent Suppose your credit card balance is $17,000. The minimum payment is $346, and

A) Rounded to four decimal places
B) Rounded to the nearest cent
Suppose your credit card balance is $17,000. The minimum payment is $346, and the annual percentage rate is 19.3%. a. If you make a constant monthly payment of $346, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
