Mathematics, 12.03.2020 07:53, iiWavyArthur

Studies show that the average American has $4,878 in credit card debt with an average interest rate of 12.78% compounded monthly. If it took the average American 20 years to pay off their debt, how much would they be paying total?

Formula to use: y = a * b^x (or a = p(1+r/n)^nt)

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:00, drandbone92

Shane can shovel the driveway in 4 hours, but if his sister it would take 2 hours. how long would it take taylor to shovel the driveway alone

Answers: 1

continue

Mathematics, 21.06.2019 19:00, loravillanueva87

Rena is building a 1: 180 scale model of a real castle. her model has a rectangular base that is 3 feet wide and 4 feet long what is the area of the base of the actual castle in square feet

Answers: 2

continue

Mathematics, 21.06.2019 20:30, Korkot7633

Which inequality statement describes the two numbers on a number line? "? 7 and a number 5 units to the right of ? 7"

Answers: 2

continue

Mathematics, 21.06.2019 20:30, Katyazamo

Asunflower was 20 1/2 inches tall. over the next 6 months, it grew to a height of 37 inches tall. what was the average yearly growth rate of the height of the plzzz write a proportion i will give you 100 points

Answers: 1

continue

Do you know the correct answer?

Studies show that the average American has $4,878 in credit card debt with an average interest rate...