Get expert insights and community-driven knowledge on IDNLearn.com. Ask your questions and get detailed, reliable answers from our community of experienced experts.
5. Stacey has a $8,000 balance on her credit card that has an interest rate of 21%, compounded monthly over 5 years.
(c) If instead she wants to completely pay off her debt after 3 years (i.e. 2 years early),
what lump sum payment must she make?
the answer is $4211.88 but how do you get that answer??
Sagot :
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is dedicated to providing accurate answers. Thank you for visiting, and see you next time for more solutions.
