What is monthly payment she should make in order to pay off
Problem
Lindsey owes $5,381 on a credit card with a 24.9% interest rate compounded monthly. What is the monthly payment she should make in order to pay off this debt in 5 years, assuming she does not charge any more purchases with the card?
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Exam the assessment and treatment of patients with PTSD. Why did you not select the other two options provided in the exercise?
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Hamlet opened a credit card at a department store with an APR of 17.85% compounded quarterly. What is the APY on this credit card?
What is the monthly payment she should make in order to pay off this debt in 5 years, assuming she does not charge any more purchases with the card?
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Explain this reason behind this huge difference in interest rates between credit cards and mortgages/car loans!
He can pay off up to $200 per month. The card has an annual rate of 13.6% compounded monthly. How much total interest will he pay?
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