You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month
You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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![You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in
3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
each month
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Transcribed Image Text:You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in
3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
each month
Video Message instructor
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