Bob has 15000 in credit card debt at 18 annual interest
Bob has $15,000 in credit card debt at 18% annual interest compounded monthly. If he makes no more purchases with the card, and pays $190 on this card at the end of each month, find to the nearest cent his credit card balance six months from now.
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1 suppose the debt ratio for a company is 45 the after tax cost of debt is 5 and the cost of retained earnings is 12
bob has 15000 in credit card debt at 18 annual interest compounded monthly if he makes no more purchases with the card
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