The balance (debt) on your credit card is $2500. Your credit card APR is 6%. You are spending $100 each month. You are paying $300 to your credit card each month. How many months it takes to pay all your debt (balance)? NOTE: you need to use Excel to find the answer to this problem (Similar to the exercise we did in the class).

The balance (debt) on your credit card is $2500. Your credit card APR is 6%. You are spending $100 each month. You are paying $300 to your credit card each month. How many months it takes to pay all your debt (balance)? NOTE: you need to use Excel to find the answer to this problem (Similar to the exercise we did in the class).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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