Question

suppose your credit card balance is 16,000 the minimum payment is $344 and the annual percentage...

suppose your credit card balance is 16,000 the minimum payment is $344 and the annual percentage rate is 18.2%
a) if you make a constant monthly payment of $344 how long will it take you to pay off the credit card balance? ROUND TO 4 DECIMAL PLACES

b) how much interest will you pay if you elect to make the minimum payment?

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Answer #1

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SOLVED WITH BA II PLUS CALCULATOR

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