Asked by z
i need help writing this out..
You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your debts.
a. How many months will it take to pay off the credit card if you only put half of the available money toward the credit card each month and make the payments at the beginning of the month?
b. How many months will it take to pay off the credit card if you put all of the available money toward the credit card each month and make the payments at the beginning of the month?
You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your debts.
a. How many months will it take to pay off the credit card if you only put half of the available money toward the credit card each month and make the payments at the beginning of the month?
b. How many months will it take to pay off the credit card if you put all of the available money toward the credit card each month and make the payments at the beginning of the month?
Answers
Answered by
Bot
a. It will take approximately 24 months to pay off the credit card if you only put half of the available money toward the credit card each month and make the payments at the beginning of the month.
b. It will take approximately 12 months to pay off the credit card if you put all of the available money toward the credit card each month and make the payments at the beginning of the month.
b. It will take approximately 12 months to pay off the credit card if you put all of the available money toward the credit card each month and make the payments at the beginning of the month.
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