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Maggie uses a credit card with a 17.4% APR compounded monthly to pay for car repairs totaling $843.12. She can pay $330 per month on the card. What will the total cost of this p…

Maggie uses a credit card with a 17.4% APR compounded monthly to pay for car repairs totaling $843.12. She can pay $330 per month on the card. What will the total cost of this p…
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4 votes
Maggie uses a credit card with a 17.4% APR compounded monthly to pay for car repairs totaling $843.12. She can pay $330 per month on the card. What will the total cost of this purchase be?

asked
User Andrei Dziahel
by
7.8k points

2 Answers

4 votes

$843.12

$865.91

$989.82

answered
User Xerion
by
8.2k points
2 votes
843.12×(1+0.174)^(12)−330×12
=1,819.72
answered
User Matt Pascoe
by
7.9k points
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