How long will take me to pay off my credit card of 3,750 is charging 10%interest if I will pay $150 per month.
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How long will take me to pay off my credit card of 3,750 is charging 10%interest...
the credit car e annual interest rate on a credit card is 16.99%. If a pay- interest per qu Th ent of $100.00 is made each month, how long will it take to ch isio he pay off an unpaid balance of $2,487.56? A woman bon ments. For ua interest paid paid during t of the loan. and after 24 34. The annual interest rate on a credit card is 24.99%. If a payment of $100.00 is made each month,...
Part 2: Credit Cards Another type of personal loan is a credit card. A financial institution allows you to charge a purchase to your account, and you are required to pay the financial institution at a later time. As with other loans, credit cards charge interest. Interest rates can range from 3% - 22%. When you are paying for debt on a credit card, the financial institution will require a minimum balance be paid each month. The higher the interest rate that is charged...
How long would it take you to pay off a credit card with a balance of $6,509 assuming no further purchases, APR of 18.2%, and monthly payments of $108? Note: You can solve this with a financial calculator or by trial and error using the four multiple choices below? 176 months 163 months 43 months 120 months
You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will it take you to repay your debt? yr You have a $3,000 credit card debt and you plan to pay it off through monthly payments of $75 If you are being charged 15% interest per year, how long to the nearest 0.5 years will...
3. You have a credit card on which you currenty owe $10,000 The card has a 19 99% annual interest rate and requires a minimum monthly payment of $50 Assume that you do not incur any other purchases on the card. (12 points) a) If you only make the minimum payment, how long will it take you to pay off the card? b) If you only make the minimum payment, how much total interest will you pay? c) If you...
Your credit card charges 2% interest per month on unpaid balances. You maintain a balance of $656. How long will it take to pay off the credit card balance, assuming you make the minimum payment of $45 each month?
Question #1 I owe $4,200 on a credit card. The interest rate is 14.99%. I will pay $80 each month until my balance is paid off. Create a spreadsheet for an amortization table for this loan. Submit your spreadsheet here, and then use it to answer the questions that follow. Question #2 How many months will it take me to fully pay off my balance following this plan? Question #3 How much does my last payment need to be to...
You have an $1,000 balance on your credit card, the payment on the card is $20 per month, if monthly interest rate is 1.5%, then how long does it take to pay off the balance on the card?
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance? Q2: At 5 percent compounded monthly, how long will it take to double your money?
Q1: You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance? Q2: At 5 percent compounded monthly, how long will it take to double your money?