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29 votes
29 votes
Jerry has a credit card debt of $15,600 that he would like to reduce by applying $8,500 of his inheritance money to the balance. In addition, he would like to modify his debt payment plan to pay off the remaining balance in 24 months rather than 60 months. His credit card has an APR of 18%. How much will these changes save Jerry in finance charges (interest)? a. $1,407. 04 b. $3,302. 59 c. $6,760. 96 d. $8,168. 40 Please select the best answer from the choices provided. A B C D.

User Sminutoli
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2.4k points

2 Answers

25 votes
25 votes

Answer:

The answer is C

Explanation:

I got it right when I took the test :3

User Fokko Driesprong
by
2.9k points
27 votes
27 votes

Answer:

the correct answer is c

Explanation:

i got it right on edge.

User Raffffffff
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3.3k points