What is the total amount that would be spent to pay off the


Assume you have a balance of $1500 on a credit card. Use the credit card payoff calculator to answer the following questions.

a. If the credit card has an annual interest rate of 13.6% and only the minimum monthly payment of $25 is made, how many months will it take to pay off the credit card?

b. What is the total amount that would be spent to pay off the $1,500 if the monthly payment is $25?

Solution Preview :

Prepared by a verified Expert
Mathematics: What is the total amount that would be spent to pay off the
Reference No:- TGS02774836

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)