Question

You have a Maxi Card with a $700 limit for this exercise. The card has a monthly finance charge of 1.67%. Fill out the following table. Your payment each month is $50. You are finished when you have paid it off. Each month, except the first: Balance = last month’s new balance – payment Interest = balance (.0167) New balance = balance + interest

Answer 1

Where is the chart? I would love to help