29.9k views
2 votes
You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Disclaimer: this is treating credit cards as an amortized loan, which they are not.

User Gjergji
by
8.1k points

1 Answer

4 votes

Answer:

$65?

Explanation:

User Christopher Shaw
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories