You decide to quit using your credit card and want to pay off the balance...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
You decide to quit using your credit card and want to pay off the balance of $3,400 in 4 years. Your interest rate is 16.2% compounded monthly.What will your monthly payments be?How much interest do you pay?
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!
