Find the monthly interest payment in the situation below


Find the monthly interest payment in the situation below. Assume that the monthly interest rate is 1/12 of the annual interest rate. You maintain an average balance of $850.00 on your credit card, which comes an 18% interest rate. Your monthly payment is?

Solution Preview :

Prepared by a verified Expert
Business Management: Find the monthly interest payment in the situation below
Reference No:- TGS01592109

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)