Mathematics, 24.08.2019 02:30 marivi3cazares

Find the monthly interest payment in the situation described below. assume that the monthly interest rate is 1/12 of the annual interest rate.
you maintain an average balance of $850 on your credit card, which carries an 18% annual interest rate.
what is the monthly interest payment?

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More questions: Mathematics Another questions

Find the monthly interest payment in the situation described below. assume that the monthly interest rate is 1/12 of the annual interest rate. you maintain an average balance of $850 on your credit card, which carries an 18% annual interest rate.what is the monthly interest payment?

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Another question on Mathematics

Find the monthly interest payment in the situation described below. assume that the monthly interest rate is 1/12 of the annual interest rate.
you maintain an average balance of $850 on your credit card, which carries an 18% annual interest rate.
what is the monthly interest payment?