Mathematics, 28.04.2021 14:40 etheplug69
Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each
month to save or pay down your debts.
a. How many months will it take to pay off the credit card if you only put half of the available money toward
the credit card each month and make the payments at the beginning of the month?
b. How many months will it take to pay off the credit card if you put all of the available money toward the
credit card each month and make the payments at the beginning of the month?
Be sure to include in your response:
• the answer to the original question
• the mathematical steps for solving the problem demonstrating mathematical reasoning
Answers: 1
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Note: Enter your answer and show all the steps that you use to solve this problem in the space provi...
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