Essay
The APR on a credit card account is 16%.Assuming a $1,926 balance and a $40 minimum payment,how much of the minimum payment will go to interest?
Correct Answer:
Verified
$1,926 ×.16/12 = $25...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
$1,926 ×.16/12 = $25...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q5: Before filing for bankruptcy,debtors should consider seeking
Q6: Choose the word or phrase in [
Q7: Student credit cards typically require that one
Q8: The purpose of a credit report is
Q9: Bank credit cards represent the most common
Q11: Credit card users can often avoid finance
Q12: One can and should check his credit
Q13: Filing Chapter 7 bankruptcy eliminates one's obligation
Q14: The majority of persons filing bankruptcy file
Q15: The key to creditworthiness is to keep