Mathematics, 12.05.2021 20:20 germaine88
Chris has a credit card with a balance of $5,400 and an APR of 22.5%. With the monthly payments he
has been making, Chris would be able to pay off his credit card in 18 months. After receiving a
promotional offer in the mail, Chris decides to transfer his balance to a new credit card with a 15%
"introductory" APR for the first 12 months. After 12 months, the APR increases to 23% How much will
Chris save in finance charges (interest) if he pays off the credit card before the introductory APR
expires?
Answers: 2
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Chris has a credit card with a balance of $5,400 and an APR of 22.5%. With the monthly payments he...
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