Mathematics, 26.05.2020 20:59 Worksmarter1703
Sylvia wants to become debt-free in 2 years by making regular monthly payments. She currently has an outstanding balance on two different credit cards:
• Card A has a balance of $1522.77 and an interest rate of 18.5%, compounded daily.
• Card B has a balance of $2003.45 and an interest rate of 17.7%, compounded daily.
Sylvia wants to consolidate her debts into a line of credit that charges an interest rate of 9.2%, compounded monthly.
WHAT ARE HER MONTHLY PAYMENTS FOR 'CARD A'?
Answers: 2
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Sylvia wants to become debt-free in 2 years by making regular monthly payments. She currently has an...
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