The balance of my MasterCard is $2345.67 with an APR of 27.8%. I make the minimum payment of $125 a month. How long will it take to pay off my MasterCard and how much interest will I pay? O 25 months, $779 33 O 25 months, $785 O 23 months; $779 83 O 23 months, $784.15
The balance of my MasterCard is $2345.67 with an APR of 27.8%. I make the minimum payment of $125 a month. How long will it take to pay off my MasterCard and how much interest will I pay? O 25 months, $779 33 O 25 months, $785 O 23 months; $779 83 O 23 months, $784.15
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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![The balance of my MasterCard is $2345.67 with an APR of 27.8%. I make the minimum payment of $125 a month. How long will it take to pay off my
MasterCard and how much interest will I pay?
O 25 months, $779.33
25 months, $785
23 months; $779.83
O 23 months; $784.15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8946c7ff-a7db-4ece-95ac-6256e20973be%2F4eac282a-8b19-4f6f-b2b1-da5e042ded05%2Fe0aawvd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The balance of my MasterCard is $2345.67 with an APR of 27.8%. I make the minimum payment of $125 a month. How long will it take to pay off my
MasterCard and how much interest will I pay?
O 25 months, $779.33
25 months, $785
23 months; $779.83
O 23 months; $784.15
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