Ms. Mehnaz purchased a LED TV worth of Tk.35,000 by swapping her new credit card. The card

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Ms. Mehnaz purchased a LED TV worth of Tk.35,000 by swapping her new credit card. The card charges 20% annual interest on the outstanding balance but interest policy is quarterly basis.

If she wants to payback all the payment after four years then how much she needs to pay then?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Apr 28, 2023 12:25 AM

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Ms. Mehnaz purchased a LED TV worth of Tk.35,000 by swapping her new credit card. The card

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Assuming Ms Mehnaz makes no payments over the fouryear period and allows the interest to compound qu... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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