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Jeff has a balance of $2,513.77 on his credit card. He would like to pay off his card over the course of a year and a half by making identical monthly payments. The APR on his card is 10.66%, compounded
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14 votes
14 votes
Jeff has a balance of $2,513.77 on his credit card. He would like to pay off his card over the course of a year and a half by making identical monthly payments. The APR on his card is 10.66%, compounded monthly. Assuming that Jeff makes no additional purchases with his card, how much will he have to pay every month to reach his goal

User Oliver Robie
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17 votes
17 votes

Answer:

The answer is $151.73

Step-by-step explanation:

There is no explanation that is the answer

User Alessandro Celeghin
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3.4k points
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