February 21, 2017

Homework Help: ALGEBRA

Posted by Danny on Sunday, May 27, 2012 at 11:31am.

Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?

I had $8,234.65

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