Mathematics, 15.02.2021 22:40, NoahJerowski67

SCENARIO A: CREDIT CARD BALANCE OF $1,000 1. Interest rate: 18.9%
Minimum payment: $40 (typically about 3% or 4% of the total debt)
Select “Calculate” and then “Review Report”
a. How long will it take to pay off the debt? years and months
b. How much is the total interest paid on the $1,000 debt? $

Answers: 2

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SCENARIO A: CREDIT CARD BALANCE OF $1,000 1. Interest rate: 18.9%
Minimum payment: $40 (typic...