The annual interest rate on a credit card is 16.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,433.11? Assume that no new purchases are made with the credit card.
The annual interest rate on a credit card is 16.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,433.11? Assume that no new purchases are made with the credit card.
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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The annual interest rate on a credit card is 16.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,433.11? Assume that no new purchases are made with the credit card.
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