asked 6.2k views
2 votes
You have a Maxi Card with a $700 limit for this exercise. The card has a monthly finance charge of 1.67%. Fill out the following table. Your payment each month is $50. You are finished when you have paid it off. Each month, except the first: Balance = last month’s new balance – payment Interest = balance (.0167) New balance = balance + interest

asked
User Cevaris
by
8.2k points

1 Answer

5 votes
Where is the chart? I would love to help


answered
User Jerika
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.