You have $5,000 on a credit card that charges 19% interest rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month ( assuming you don't charge anything new to the card)
You have $5,000 on a credit card that charges 19% interest rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month ( assuming you don't charge anything new to the card)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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You have $5,000 on a credit card that charges 19% interest rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month ( assuming you don't charge anything new to the card)?
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