thom owes $7,800 on his credit card. the credit card carries an apr of 18.7 percent compounded monthly. if thom makes payments of $240 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

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07-10-2022
Business

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thom owes $7,800 on his credit card. the credit card carries an apr of 18.7 percent compounded monthly. if thom makes payments of $240 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

Sagot :

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