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You accumulated a balance of $2,300 on your credit card that carries an interest rate of...

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Finance

You accumulated a balance of $2,300 on your credit card thatcarries an interest rate of 17%. You can't afford to pay the $2,300all at once, but you can pay the minimum payment, which is 2% permonth (not less than $25).

What is the balance on your card after 5 years?

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You accumulated a balance of $2,300 on your credit card thatcarries an interest rate of 17%. You can't afford to pay the $2,300all at once, but you can pay the minimum payment, which is 2% permonth (not less than $25).What is the balance on your card after 5 years?

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