Monthly Payment Assignment | Homework For You
June 9th, 2020
2. Suppose you currently owe $2314 on a credit card with an APR of 18.9%, and you decide to stop making charges and to pay the card off in 4 years with equal monthly payments.
(a) Determine the monthly payment.
(b) Determine the percentage of the total amount paid over the course of the 4 years that went toward interest.Get Finance homework help today