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serious [3.7K]
3 years ago
13

Today, you borrowed $12,200 on your credit card to purchase some furniture. The interest rate is 16.8 percent, compounded monthl

y. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $190?
a. 13.7 years
b. 15.2 years
c. 14.5 years
d. 16.9 years
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

13.7 years

Explanation:

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expected sales May                   520

ending inventory May                 145

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June:

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expected sales May                   650

ending inventory May                 155

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