2 Credit Card

You might also like

Download as pdf
Download as pdf
You are on page 1of 1
a yok 4 CAR Mot rosocresrcarsoencasenmens — Sy, name_ SOV A CAR WLLL 2. A formula for calculating the payment, P, required to pay off a debt of amount Din M_ months with monthly Interest rate iis ~ interest rate i __ Di 1-(1+i)" Pex Yrnen-} Using this formula, solve for M to determine the number of months it will take to pay off the $1900 credit card debt ‘with minimum monthly payments of $25. Round the number of months to two decimal places, (Attach all work for this summons of ( 900 (0.1 ; all- Ree ae M=- uw 29,00 ) What is the total amount paid to the credit card a rounded tothe nearest dali? 3 QSxla x 4189 =1346.yS wig WG 4. How many months will be required to pay off the debt if you pay $75 each month? Round to two decimal places. Q1, 4B 79994 months £24.77 nenta5) How long is this in years, rounded to the nearest tenth of a year? dQ. MTBPIS IAG, 6 ywd What is the total amount paid to the credit card cor rounded to the nearest dollar? VS xXIS X AN EqaSy = ITM 056 PX FY

You might also like