A career counselor decides to make monthly payments of $150 on credit card debt of $3,496.55 and discontinue using that credit card. Assuming the monthly interest rate is 1.85%, it will take the...


A career counselor decides to make monthly payments of $150 on credit card debt of $3,496.55 and discontinue<br>using that credit card. Assuming the monthly interest rate is 1.85%, it will take the counselor approximately<br>31 months to repay the debt. How many fewer months would it take to repay the debt if the counselor makes<br>monthly payments of $200? (Round your answer to the nearest month.)<br>months<br>Need Help?<br>Watch It<br>Read It<br>

Extracted text: A career counselor decides to make monthly payments of $150 on credit card debt of $3,496.55 and discontinue using that credit card. Assuming the monthly interest rate is 1.85%, it will take the counselor approximately 31 months to repay the debt. How many fewer months would it take to repay the debt if the counselor makes monthly payments of $200? (Round your answer to the nearest month.) months Need Help? Watch It Read It

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here