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The annual interest rate on a credit card is 13.99%. If a payment of $300.00 is made each month, how many months will it take to pay off an unpaid balance of $2,536.33? Assume that no new purchases are made with the credit card. CID It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)

The annual interest rate on a credit card is 13.99%. If a payment of $300.00 is made each month, how many months will it take to pay off an unpaid balance of $2,536.33? Assume that no new purchases are made with the credit card. CID It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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K The annual interest rate on a credit card is 13.99%. If a payment of $300.00 is made each month, how many months will it take to pay off an unpaid balance of $2,536.33? Assume that no new purchases are made with the credit card. It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)
Transcribed Image Text:K The annual interest rate on a credit card is 13.99%. If a payment of $300.00 is made each month, how many months will it take to pay off an unpaid balance of $2,536.33? Assume that no new purchases are made with the credit card. It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)
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