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Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum m…

Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum m…
asked 169k views
7 votes
Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum monthly payment each month.

How much is that minimum payment?

asked
User SmithMart
by
8.0k points

2 Answers

7 votes

Answer:

$19.08

Step-by-step explanation:

answered
User Camelccc
by
8.0k points
6 votes

Answer:

19.0833333333

Step-by-step explanation:

Since there is 12 months a year in total, it will cost $19.0833333333 a month

answered
User Tameek
by
8.1k points
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