Question: Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each
Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each step.
1. Wednesday realizes that she charged too much on his credit card while she was away at the Nevermore Academy and has racked up $5,000 in debt. If she can pay $225 each month and the card charges 17.55% APR (compounded monthly), how long will it take her to pay off the credit card?
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