A new employee charged $3980 on his credit card to relocate for his first job.After noticing that the interest rate for his bala
nce was 21% compounded monthly,he stopped charging on that account.his wishes to pay off his balance in 4 years using automatic payments at the end of each month.
A.what monthly payment must he make to pay off the account at the end of 4 years?
B.how much total interest will he have paid?
A.what monthly payment must he make to pay off the account at the end of 4 years?
B.how much total interest will he have paid?
1 answer:
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