How long will it take her to pay off the debt


Phoebe realizes that she has charged too much on her credit card and has racked up $5,500 in debt. If she can pay $250 each month and the card charges 17 percent APR (compounded monthly), how long will it take her to pay off the debt?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How long will it take her to pay off the debt
Reference No:- TGS0726453

Expected delivery within 24 Hours