Expand your knowledge base with the help of IDNLearn.com's extensive answer archive. Discover the reliable solutions you need with help from our comprehensive and accurate Q&A platform.
You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Disclaimer: this is treating credit cards as an amortized loan, which they are not.
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.
