You have a credit card that has a balance of
$3,331
at an APR of
15%
. You plan to pay
$250
each month in an effort to clear the debt quickly. How many months will it take you to pay off the balance?
?
months. show your work on your worksheet.

Question

You have a credit card that has a balance of

$3,331

at an APR of

15%

. You plan to pay

$250

each month in an effort to clear the debt quickly. How many months will it take you to pay off the balance?

?

months. show your work on your worksheet.

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Expert Answer to - You have a credit card that has a balance of $3,331 at an APR of 15%. You plan to pay $250 each mont

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Solution for - You have a credit card that has a balance of $3,331 at an APR of 15%. You plan to pay $250 each mont

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(Solved): You have a credit card that has a balance of $3,331 at an APR of 15%. You plan to pay $250 each mont ...