Bob has 15000 in credit card debt at 18 annual interest


Bob has $15,000 in credit card debt at 18% annual interest compounded monthly. If he makes no more purchases with the card, and pays $190 on this card at the end of each month, find to the nearest cent his credit card balance six months from now.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Bob has 15000 in credit card debt at 18 annual interest
Reference No:- TGS0985500

Expected delivery within 24 Hours