Question: USO PMT to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of $3600 and an annual interest
USO PMT to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of $3600 and an annual interest 1- rate of 13%. You decide to pay off the balance over five years. If there are no further purchases charged to the curd, a. How much must you pay each month? . How much total interest will you pay? . The montivy payments are approximately $ 82 (Do not round until the final answer. Then round to the nearest dollar en needed) b. The total interest paid over 5 years is approximately $ (Round to the nearest dollar as needed.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
