Peter Griffin has a $30,000 credit card debt. APR is 24% (compounded daily). As you understood from the video, Peter is not going to pay the debt back. However, to prevent the debt growth, he should pay interest. How much interest in $ will Peter pay over a year?

Answer rating: 100% (QA)

To calculate the interest Peter Griffin will pay over a year on his 30000 credit card debt with an A... View the full answer