The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid balance of RM1485.77 if no new purchases are made and a RM50.00 payments is made each month?
The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid balance of RM1485.77 if no new purchases are made and a RM50.00 payments is made each month?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Transcribed Image Text:|(c)
The annual interest rate on credit card is 24.99%. How long will it take to pay off an
unpaid balance of RM1485.77 if no new purchases are made and a RM50.00 payments
is made each month?
|(d)
A family has a RM120000, 20-year mortgage at 6.75% compounded monthly. Find the
monthly payment. Also find the unpaid balance after 10 years.
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