Mathematics, 21.09.2021 02:10 rcmolyneaux
Your credit card has a balance of $5400 and an interest rate of 18%. With no purchases made to the card and the balance being paid off over two years, the monthly payments are $270 and the total interest paid is $1080. You can get a bank loan at 10.5% with a term of three years. How much will you pay each month? How does this compare with the credit-card payment each month?
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Your credit card has a balance of $5400 and an interest rate of 18%. With no purchases made to the c...
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