Question: part 1 is correct. can you please help with part 2. Intro As of today, Joe owns debt on two credit cards: Citi $1,900 and
Intro As of today, Joe owns debt on two credit cards: Citi $1,900 and Amex $3,260. He is not charging additional purchases because he wants to get this debt all paid off. Both cards have an APR of 18%. First monthly payback will begin one month from now. Part 1 Attempt 1/2 for 10 pts. How long (# of months) does it take to pay off Citi? if he only makes monthly minimum payments of $29? 273 Part 2 Attempt 1/2 for 10 pts. How long does it take to pay off Amex? if he only makes monthly minimum payments of $397 Let's approach this question differently by finding how much upfront Amex debt can be paid off if Joe keeps paying $39 month after month forever? (compare to the debt balance of $3,260, what do you see) 0+ decimals Submit
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