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Memphic Memphic
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6 years ago
You have an $8000 balance on your credit card, which charges 12% interest annually (1% per month).  If you can afford to pay $100 per month, how many months will it take to pay the credit card in full?
A) 170 months
B) 14 months
C) 162 months
D) You will never get the card paid off at that rate.
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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EgorGruzdevEgorGruzdev
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#1
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6 years ago
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Memphic Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jblazah
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Yesterday
Correct Slight Smile TY
jmendoza
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2 hours ago
Thank you, thank you, thank you!
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