The annual interest rate on a credit card is 12.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $2,414.12? Assume that no new purchases are made with the credit card. It will take ---months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)
The annual interest rate on a credit card is 12.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $2,414.12? Assume that no new purchases are made with the credit card. It will take ---months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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The annual interest rate on a credit card is
12.99%.
If a payment of
$200.00
is made each month, how many months will it take to pay off an unpaid balance of
$2,414.12?
Assume that no new purchases are made with the credit card.It will take ---months to pay off the unpaid balance.
(Do not round until the final answer. Then round up to the nearest integer as needed.)
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