Quantitative reasoning
Please help:(
Suppose that on January 1 you have a balance of $4000 on a credit card whose APR is 19%, which you want to pay off in 2 years. Assume that you make no additional charges to the card after January 1.
A: what is your monthly payment?
B: When the card is paid off, how much will you have paid since January 1?
C: What percentage of your total payment (part b) is interest?
Thanksreddit
21
Join Matchmaticians Affiliate Marketing
Program to earn up to a 50% commission on every question that your affiliated users ask or answer.
- closed
- 497 views
- $3.00
Related Questions
- Summation of Catalan Convolution
- Probability question regarding Moment genrating function and Chebyshev's ineqaulity(show in file).
- Find a number for 𝛼 so f(x) is a valid probability density function
- Probability/statistics
- Determining which excel T-Test to use
- foundations in probability
- What is the normal probability distribution function?
- Prove that $\lim_{n\rightarrow \infty} \int_{[0,1]^n}\frac{|x|}{\sqrt{n}}=\frac{1}{\sqrt{3}}$
Offered bounty is too low!