Mathematics, 05.04.2020 18:50 dayaan009

The unpaid balance on a credit account was $7500.00. The annual interest rate is 19%, or 1.58% per month. A $150.00 minimum payment is required. Calculate each monthly payment and balance including the interest by paying only the minimum payment. How long will it take to pay off the entire balance?

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The unpaid balance on a credit account was $7500.00. The annual interest rate is 19%, or 1.58% per m...