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
- 653 views
- $3.00
Related Questions
- Variance of Autoregressive models, AR(1)
- Question about COEFFICIENT OF CORRELATION
- Operational research : queueing theory
- applied probability
- Multivariate Student-t Posterior Predictive - Detailed Derivation
- How to calculate the probability of rolling matching dice?
- Joint PDF evaluated over a curve $P_{U,V}$
- Number of different drinks that can be made using 6 ingredients
Offered bounty is too low!