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How long will it take marie to pay for the furniture

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Question - Marie decides to use her credit card to purchase some new furniture. She charges $5,000 on her credit card that charges an APR of 21%. The minimum payment is $100.

How much interest will Marie pay for using her credit card to buy the furniture? 

How long will it take Marie to pay for the furniture? 

What is the total amount Marie will end up paying for the furniture? 

If Marie pays the monthly payment of $130 each month:

How much interest will Marie pay for using her credit card to buy the furniture?

How long will it take Marie to pay for the furniture? 

What is the total amount Marie will end up paying for the furniture?

Reference no: EM133137552

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