Question: How can i solve this on BA 2 Plus? CACULATOR ONLY You owe $7,800 to a credit card. You decide to pay more than the

 How can i solve this on BA 2 Plus? CACULATOR ONLY
How can i solve this on BA 2 Plus?
CACULATOR ONLY

You owe $7,800 to a credit card. You decide to pay more than the minimum required and you want to repay the balance in 60 months. The loan charges an interest rate of 1.0% every month. What is the total interest payment over the life of the loan

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!