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Mathematics, 04.03.2021 14:30 marziel24
A friend owes $10,000 on his credit card. He plans to stop making charges and pay off the balance. The card has a minimum payment of 5%. He figures correctly that 5% of $10,000 is $500. From that he concludes that he needs to make the 5% minimum payment for only 20 months Is your friend right? If not, explain the error in his reasoning.
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A friend owes $10,000 on his credit card. He plans to stop making charges and pay off the balance. T...
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