You owe $12,500 on your credit card. Horrified, you decide to make no more purchases and make payment of $500 per month. How long will it take you your credit card if it charges interest at J12=18% and your first payment is today. You to pay off may give your answer in months.
You owe $12,500 on your credit card. Horrified, you decide to make no more purchases and make payment of $500 per month. How long will it take you your credit card if it charges interest at J12=18% and your first payment is today. You to pay off may give your answer in months.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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