Mark has a credit card balance of $25,000. The annual est rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month? 201.43 145.48 105.69 25.00
Mark has a credit card balance of $25,000. The annual est rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month? 201.43 145.48 105.69 25.00
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 61P
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