The table shows a schedule of Mr. Kirov’s plan for paying off his credit card balance.
M...
Engineering, 29.02.2020 05:59, silveryflight
The table shows a schedule of Mr. Kirov’s plan for paying off his credit card balance.
Mr. Kirov’s Payment Plan
Balance
Payment
New Balance
Rate
Interest
$800.00
$100
$700.00
0.012
$8.40
$708.40
$100
$608.40
0.012
$7.30
$615.70
$100
$515.70
0.012
$6.19
If Mr. Kirov continues to make monthly payments of $100 and does not make any new purchases, how many more payments will he need to make before the balance is 0?
4 payments
5 payments
6 payments
7 payments
Answers: 1
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