If your credit card calculates interest based on 13.90% APR, compounded monthly,
(a) What are your monthly interest rate and annual effective interest rate?
(b) If your current outstanding balance is $3,000 and you skip payments for two months, what would be the total balance two months from now?
DATE
Question answered on Jul 22, 2018
PRICE: $17
Solution~000637521.zip (18.37 KB)