Mathematics, 07.05.2020 07:04 emmi14
You finance a $500 washing machine completely on credit, you will just pay the minimum payment each month for the next three months. The APR is 18.99% and the minimum payment each month is 4% of the balance. Determine the finance charge, carry-over balance, and minimum payment required for each of the next two months, and the carry-over balance for month 3 in the table below:
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You finance a $500 washing machine completely on credit, you will just pay the minimum payment each...
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