How many months will it take to pay off the


Fred owes $8,000 on his credit card, which carries an annual interest rate of 10.1 percent. If he does not charge anything else and sends the credit card company $549 every month, how many months will it take to pay off the card?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: How many months will it take to pay off the
Reference No:- TGS02343121

Expected delivery within 24 Hours