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
- 629 views
- $3.00
Related Questions
- Statistics/percentage question
- Can someone explain why the attached R-Studio Code, provided by the author, does not create the output like in his book?
- Statistical analysis on a 2 dimensional data set
- Probability maximum value of samples from different distributions
- Bayes theorema question, two tests (one positive, one negative)
- Insurance question involving net premium
- What are the odds of at least k same outcomes in n independent trials, each with x equally likely outcomes?
- Random Walk on Cube
Offered bounty is too low!