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PLEASE SHOW WORK IN EXCEL 47 5) You never took Shovein's Personal Financial Planning...

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Finance

imagePLEASE SHOW WORK IN EXCEL

47 5) You never took Shovein's Personal Financial Planning class so you have rung up $10,000 48 of credit card debt. Visa is charging you 18% annual percentage rate (APR) and compounding 49 interest monthly. Your monthly minimum payment is $200. 50 How many months will it take you to payoff your credit card? 51 52 Debt = $ 10,000.00 53 Monthly Rate = 1.50% 54 Minimum payment = $ 200.00 55 Months to pay off credit card = 56 57 58 59 60 61 62 63 64

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