Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

5. Stacey has a $8,000 balance on her credit card that has an interest rate of 21%, compounded monthly over 5 years.


(c) If instead she wants to completely pay off her debt after 3 years (i.e. 2 years early),
what lump sum payment must she make?

the answer is $4211.88 but how do you get that answer??

Sagot :

We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.