hannahponder
27.10.2020 •
Business
Zane has an outstanding credit card balance of $2,000. His credit card has an APR of 9.99% and he would like to have a zero balance one year from now. How much should he pay each month to reach this goal
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Ответ:
$175.82
Explanation:
in order to calculate the monthly payment we have to use the present value formula.
PV = monthly payment x PV annuity factor
monthly payment = PV / PV annuity factor
PV = $2,000PV annuity factor, 0.832%, 12 periods = 11.37527monthly payment = $2,000 / 11.37527 = $175.8200025 = $175.82
Ответ:
d) 563 BC
Explanation:
ANS IS number d 563 BC