If your credit card charge 20% compound monthly, a. If your current balance is $3000, how much interest you need pay for your next payment? b. If your current balance is $3000 and you skip 3 months payment, what is your balance 3 months later? If your current balance is $3000 and you pay $1000 each month in the following 3 months, calculate the interest and principle portion for each of your payment. 5% APR loan for
If your credit card charge 20% compound monthly, a. If your current balance is $3000, how much interest you need pay for your next payment? b. If your current balance is $3000 and you skip 3 months payment, what is your balance 3 months later? If your current balance is $3000 and you pay $1000 each month in the following 3 months, calculate the interest and principle portion for each of your payment. 5% APR loan for
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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