Suppose you have a credit card debt of $5,000 with an annual interest rate of 18%. You
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose you have a credit card debt of $5,000 with an annual interest rate of 18%. You want to pay off this debt in 24 months by making monthly payments. What will be your monthly payment? Also, calculate the total interest paid over the 24-month period.
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Posted Date: