Sarah decided to go to the private college and was able to graduate. However, while she was there, she got a credit card and charged a few spring break and summer trips. By the time she finished school, she had accumulated $15,000 in credit card debt. Her credit card charges 15.99%. Sarah wants to try to pay that off within 5 years.

Sarah decided to go to the private college and was able to graduate. However, while she was there, she got a credit card and charged a few spring break and summer trips. By the time she finished school, she had accumulated $15,000 in credit card debt. Her credit card charges 15.99%. Sarah wants to try to pay that off within 5 years.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter14: Planning For Retirement

Section: Chapter Questions

Problem 2FPE

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