You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your debts  A) how many months will it take to pay off the credit card if you only put half of the available money towards the credit card each month and make the payments at the beginning of the month? B)How many months will it take to pay off the credit card if you put all of the available money towards the credit card each month and make the payments at the beinning of the month?

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Q: 2.7

A:

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Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

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Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: In one particular month, a person has a balance of $ 3,490 on their credit card for 9 days. They…

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Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

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