You owe $30,000 on your credit card. The credit card changes interest monthly and has an APR
Fantastic news! We've Found the answer you've been seeking!
Question:
You owe $30,000 on your credit card. The credit card changes interest monthly and has an APR of 18.0%. You pay it off on 60 months. What is the principal payment for the third period?
a. 321.23
b. 440.58
c. 350.23
d. 468.23
e. 256.54
Posted Date: