Question: SHOW WORK AND STEPS ON EXCEL SHOW WORK AND STEPS ON EXCEL SHOW WORK AND STEPS ON EXCEL SHOW WORK AND STEPS ON EXCEL Exercise

SHOW WORK AND STEPS ON EXCEL

Exercise 3.18. Suppose you get a credit card and charge up $535.22 in the first month, but then stop making purchases. Suppose they charge 21.99% APR for purchases and that the minimum payment is 5.5% of the balance or $25, whichever is higher. After how many payments will you have to pay the $25 instead of the 5.5%

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