Bill was going to purchase a new mountain bike with his credit card, which he thought had an APR of 13%. His plan was to keep his payments around $75 per month for 24 months. He then found out that his credit card actually had an APR of 17%. Which of the following would not allow Bill to purchase a bike while keeping the same monthly payment?

Question

Mathematics

Giana Frey

17 June, 05:56

Bill was going to purchase a new mountain bike with his credit card, which he thought had an APR of 13%. His plan was to keep his payments around $75 per month for 24 months. He then found out that his credit card actually had an APR of 17%. Which of the following would not allow Bill to purchase a bike while keeping the same monthly payment?

+5

Answers (1)

Know the Answer?

Jaslyn Barton · Answer 1

So base on the question that is asked to state what would not allow Bill to purchase a bike while keeping the same monthly payment and I would say that it would be that Bill should remain his card in 13% instead that it is 17%. I hope you are satisfied with my answer and feel free to ask for more