Assume you have just opened up your most recent credit card, Financial Management

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Assume you have just opened up your most recent credit card

Assume you have just opened up your most recent credit card statement. You realize that you have charged too much on your credit card and have racked up $17,500 in debt. If you can only afford to pay $250 each month, and the card charges 11.5 percent APR, how long will it take you to pay off the debt?

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Financial Management: Assume you have just opened up your most recent credit card

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Financial Management: Assume you have just opened up your most recent credit card

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