Question: level 4 Wou have a $ 1 5 0 9 balance on your 1 5 % crecit card You have lost your job and been
level
Wou have a $ balance on your crecit card You have lost your job and been unemployed for months Wou have been unatie to make any paymevts on your balance. However, you tecetved a tax refund and want to pry ofl the credit card
porns
e How much wit you owe on the credit card if you have not made a parment for months? Note: Round your answers to the nearest cent.
tableeboomAmount owed menth, months, masths,His mendia,Avereremeti morits, montis,
b How much inderest will have accrued? NoteAound your answer to the nearest cent.
metest accrued
c What wil be the effective rate of interest after the months? Note; Round your answer so the nearest hundredth percent.
Efective rece of interest
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
