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
- 607 views
- $3.00
Related Questions
- foundations of probability
- How do I compare categorical data with multiple uneven populations?
- Probability question regarding Moment genrating function and Chebyshev's ineqaulity(show in file).
- How do you calculate per 1,000? And how do you compensate for additional variables?
- stats- data analysis
- Probability/statistics
- foundations in probability
- In each of the situations, state whether the indicated model can be regarded as a Generalized Linear Model (GLM) and give reasons for your answer.
Offered bounty is too low!