Ask Question
14 December, 03:20

Gary has a credit card with an APR of 13.57%, compounded monthly. He would like to pay off the $1,847.42 card balance over the course of two and a half years by making identical monthly payments. Assuming that he makes no additional purchases on his card, how much must Gary pay every month to reach his goal? (Round all dollar values to the nearest cent.) a. $72.96 b. $137.45 c. $61.58 d. $86.29

+2
Answers (1)
  1. 14 December, 07:03
    0
    I think it would be near A. or D.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gary has a credit card with an APR of 13.57%, compounded monthly. He would like to pay off the $1,847.42 card balance over the course of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers