Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. angela owes $10,184.60. she has made arrangements

Angela owes $10,184.60. She has made arrangements to repay the debt in installments of $334.21...

70.2K

Verified Solution

Question

Finance

image

Angela owes $10,184.60. She has made arrangements to repay the debt in installments of $334.21 per month, and will be charged monthly interest of 0.79% on the overdue balance. How many months will it take her to repay the debt and interest? Assume end-of-month payments. How many months will it take Angela to pay off the debt? months (Round to the nearest whole number.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students