3.a Credit Card Payments. Tobyis owes $9,000 on his credit card at graduation. His credit card...

Question

Question

Answer 1

Answer #1

1.
=9000*(24%/12)/(1-1/(1+24%/12)^(12*4))=293.416519925395

2.
=9000*(12%/12)/(1-1/(1+12%/12)^(12*4))=237.00451888735

Answer 2

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