Originally intended toward the card

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Reference no: EM131087777

You owe $2,348.62 on a credit card with an 8.75% APR. You pay $300.00 toward the card at the beginning of the month. What is the difference in interest accrued compared with if you had paid an additional $300.00 more than you had originally intended toward the card? Using the information from the Problem, how many months will it take you to pay off your debt if you pay $600.00 at the beginning of each month? Include the last month even if the payment is less than $600.00.

Reference no: EM131087777

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Originally intended toward the card : You owe $2,348.62 on a credit card with an 8.75% APR. You pay $300.00 toward the card at the beginning of the month. What is the difference in interest accrued compared with if you had paid an additional $300.00 more than you had originally intended ..

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