Hello! Please let me know, thank you! You have a credit card with a balance of $13,600...
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Advance Math
Hello!
Please let me know, thank you!
You have a credit card with a balance of $13,600 and an APR of18 percent compounded monthly. You have been making monthlypayments of $260 per month, but you have received a substantialraise and will increase your monthly payments to $335 per month.How many months quicker will you be able to pay off theaccount?
37.39 Months
36.05 Months
40.06 Months
11.71 Months
34.33 Months
Thank you!
Hello!
Please let me know, thank you!
You have a credit card with a balance of $13,600 and an APR of18 percent compounded monthly. You have been making monthlypayments of $260 per month, but you have received a substantialraise and will increase your monthly payments to $335 per month.How many months quicker will you be able to pay off theaccount?
37.39 Months
36.05 Months
40.06 Months
11.71 Months
34.33 Months
Thank you!
Answer & Explanation Solved by verified expert
3.9 Ratings (583 Votes)
first we find a number of months taking to repay 13600 when
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