Your credit card charges an interest rate of 205 per month, Finance Basics

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Your credit card charges an interest rate of 205 per month

Question: Your credit card charges an interest rate of 2.05% per month You have a current balance of $1,210, and want to pay it off Suppose you can afford to pay $110 per month What will your balance be at the end of one year? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Your credit card charges an interest rate of 205 per month

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