Henry Tylers VISA balance is $1,487.38. He may pay it off in 12 equal end-of-month...

70.2K

Verified Solution

Question

Accounting

Henry Tylers VISA balance is $1,487.38. He may pay it off in 12 equal end-of-month payments of $145 each. What interest rate is Henry paying? (Round answer to 1 decimal place, e.g. 8.5%.)

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