Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. tom has a credit card with an apr of 24.95% and a

Tom has a credit card with an APR of 24.95% and a current balance of...

90.2K

Verified Solution

Question

Basic Math

image

Tom has a credit card with an APR of 24.95% and a current balance of $13,650.35. He wants to pay it off in 3 years. What will Tom's monthly payment be? (Remember a credit card is compounded monthly.) Round to the nearest dollar.

Answer & Explanation Solved by verified expert
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

Other questions asked by students

Q

What is Triple bottom line principles? How to apply triplebottom line principles in work...

Accounting
Q

How do releasing or inhibiting hormones secreted by the hypothalamus reach the adenohypophysis? A. They travel along...

Medical Sciences
Q

Differentiate between the terms kinematic similarity and dynamic similarity. Give suitable examples to support your answer.   

Civil Engineering
Q

Points 2 The Constitution was ratified by Question 9 O the Framers O the state...

Biology
Q

A conducting shell having charge 15 mC and radius a is surrounded by another concentric...

Physics
Q

The length, I, that a spring is stretched varies directly as the amount of force,...

Basic Math
Q

March 31, using 10 Prepare a budgeted income statement...

Accounting
Q

1. What are characteristics of the new view of accounting in 1970s? 2. In what...

Accounting
Q

Required information Use the following information for Exercises 4-5 below. (Algo) Skip to question [The...

Accounting
Q

On January 1,2023, a company issued 5-year, 7% bonds with a par value of $400,000....

Accounting
Q

The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming...

Accounting
Q

Which of the following is the most serious limitation to financial statement analysis of publicly...

Accounting