Jason has $3,505.65 in credit card debt. The annual interest rate on the unpaid balance is 18.4%

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Jason has $3,505.65 in credit card debt. The annual interest rate on the unpaid balance is 18.4% compounded monthly.

If Jason wants to pay off his credit card debt in 2 years, what is his monthly payment, assuming he makes no additional purchases on this card?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: May 30, 2023 01:37 AM

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Jason has $3,505.65 in credit card debt. The annual interest rate on the unpaid balance is 18.4%

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To calculate Jasons monthly payment to pay off his credit card debt in 2 ye... View the full answer

Personal Finance

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