Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. if you take the maximum length of time to pay off

If you take the maximum length of time to pay off a credit card, at a...

80.2K

Verified Solution

Question

Finance

If you take the maximum length of time to pay off a credit card,at a rate of 18.5%, how much interest will you pay in interest on adebt of $2,000?. Based your calculations on a minimum payment of1/36 or $20, whichever is greater.

Answer & Explanation Solved by verified expert
3.9 Ratings (793 Votes)
It will take 136    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

If you take the maximum length of time to pay off a credit card,at a rate of 18.5%, how much interest will you pay in interest on adebt of $2,000?. Based your calculations on a minimum payment of1/36 or $20, whichever is greater.

Other questions asked by students

Q

Savanah along with the help of some friends is trying to gather some data abou...

Basic Math
Q

Animal Physiology Questions Why do most multicellular organisms require more than just diffusion to facilitate gas exchange?...

Medical Sciences
Q

In a 1993 article in Accounting and Business Research, Meier, Alam, and Pearson studied auditor lobbying...

Basic Math
Q

The ABC is a triangular plate of uniform thickness The sides are in the ratio...

Physics
Q

11 A rod of length L is composed of a uniform length 1 L of...

Physics
Q

5 Find the slope and equation of the tangent line to the curve f x...

Calculus
Q

uestion 22 olve equation by using the quadratic form 2w 3w 8 0 Simplify answers...

Algebra
Q

A sequence has nth term a cos 90n n 1 a Find the order of...

Algebra
Q

The options for the first five are in a picture below Statement of...

Accounting
Q

$_________ You decide to save $250 every month for the next five years so you...

Accounting
Q

Which of the following is FALSE regarding morgages? The borrower is generally required to prepay...

Finance
Q

Luas permukaan bangun ruang di bawah ini jika diketahui jarijarinya 20cm

Finance