Genesis P.

asked • 10/16/19

credit card APR

Assume that you have a balance of $4000 on your Discover credit card and that you make no more charges. Assume that Discover charges 27% APR and that each month you make only the minimum payment of 3% of the balance.


What will the balance be after 12 years? (Round your answer to the nearest cent.)

2 Answers By Expert Tutors

By:

Sam Z. answered • 10/16/19

Tutor
4.3 (12)

Math/Science Tutor

Nestor R. answered • 10/16/19

Tutor
5 (3)

Statistician with a very good grounding in Algebra

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