You owe $1,945.61 on a credit card that has an 11.2% APR. The minimum payment due is $156.00. You decide to pay $300.00. How much do you save in interest by paying more than the minimum, assuming you make

You owe $1,945.61 on a credit card that has an 11.2% APR. The minimum payment due is $156.00. You decide to pay $300.00. How much do you save in interest by paying more than the minimum, assuming you make both payments at the beginning of the month?

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You owe $1,945.61 on a credit card that has an 11.2% APR. The minimum payment due is $156.00. You decide to pay $300.00. How much do you save in interest by paying more than the…

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