suppose we have a card with an apr of 33%. the mininum payment is 9% of the balance. Suppose we have a balance of $322 on the credit card. we decide to stop charging and to pay it off by making the mininum payment each month. calculate the new balance after the first mininum payment is made and then caculate the mininum payment that is due the next month

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02-12-2022
Mathematics

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suppose we have a card with an apr of 33%. the mininum payment is 9% of the balance. Suppose we have a balance of $322 on the credit card. we decide to stop charging and to pay it off by making the mininum payment each month. calculate the new balance after the first mininum payment is made and then caculate the mininum payment that is due the next month

Sagot :

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