In 2012, the average credit-card debt was $15,374. Suppose
Chapter 0, Problem 72(choose chapter or problem)
In 2012, the average credit-card debt was $15,374. Suppose your card has this balance and an annual interest rate of 18%. You decide to pay off the balance over two years. If there are no further purchases charged to the card, a. How much must you pay each month? b. How much total interest will you pay? Round answers to the nearest dollar
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