Question: answer both and i will thumbs up! Question 2 (1 point) You currently owe $12,500 on your credit card. How many months will it will

 answer both and i will thumbs up! Question 2 (1 point)
answer both and i will thumbs up!

Question 2 (1 point) You currently owe $12,500 on your credit card. How many months will it will take for you to payoff your credit card if you make the minimum $375 per month payment? The card has an APR of 34%. A Question 3 (1 point) You are getting ready to buy a car. After looking at your budget, you can afford monthly car payments of $325 per month. The current 5 year auto loan has an APR of 3%. If you have no money for a down payment, what is the maximum loan that can you afford? 4

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!