Mathematics, 10.07.2019 03:20, 5001Je

Suppose that on january 1 you have a balance of $5,000 on a credit card whose apr is 21%, which you want to pay off in 3 years. assume that you make no additional charges to the card after january 1.
a. calculate your monthly payments.
b. when the card is paid off, how much will you have paid since january 1?
c. what percentage of your total payment (part b) is interest?

Answers: 2

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Suppose that on january 1 you have a balance of $5,000 on a credit card whose apr is 21%, which you...