The annual interest rate on a credit card is17.99%. If a payment of 300 is made each month, how many months will it take to pay off an unpaid balance of 2515.87?

You can assume that no new purchases were paid with the credit card. This is my last question on my homework and I've tried it a hundred times and I always get it wrong.

Hannah H. answered • 02/04/21

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The annual interest rate on a credit card is17.99%. If a payment of 300 is made each month, how many months will it take to pay off an unpaid balance of 2515.87?

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The annual interest rate on a credit card is17.99​%. If a payment of ​300 is made each​ month, how many months will it take to pay off an unpaid balance of ​2515.87?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Gen is interested in seeing how the money grows. Her mom suggests that she take the money in her piggy bank....

Find the equivalent rate of interest for a discount rate of 7.5% for 60 days.

how long would it take to pay off a loan of $2,900 at 11% discount when the bank charges $638?

Micheal wants his $3,200 to grow to $4,500 in 3 years. He has a saving account paying simple interest on savings.

Suppose you were given $1000 from your uncle. You deposited that money in a bank and added $70 per month..

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The annual interest rate on a credit card is17.99%. If a payment of 300 is made each month, how many months will it take to pay off an unpaid balance of 2515.87?