Business, 01.02.2021 23:50 jessicasbss6840

Emilio’s accountant told him that if he continues to pay $50 a month on his credit card, it will take him 42 years to pay off his current balance (assuming the interest rate doesn’t change and assuming he doesn’t charge anything else on that card). His credit card interest rate is 18.99%. What is his balance?

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Emilio’s accountant told him that if he continues to pay $50 a month on his credit card, it will tak...