ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Brady has a Sports Academy credit card. The card has a balance of $5451.29 with an APR of 26.79%. The Academy expects the minimum payment to be 3.5% of the balance. What is Brady’s minimum payment? How long will it take Brady to pay off his Sports Academy credit card? How much interest will Brady pay if he only pays the minimum payment?
Minimum payment
Months to payoff
Interest
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