embattles03 embattles03

19-03-2018
Mathematics

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Ellen has a $19,750 balance on a credit card with an APR of 18%. If she makes minimum monthly payments of $300, how much will it cost Ellen to repay the total amount on the credit card? $

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wolf1728 wolf1728

19-03-2018

Using an online calculator, it will take 24.5 years and will cost 24.5 years * 12 * 300 = 88,200.00

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