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02-01-2023
Business

Answered

Chuck has a credit card balance of $4,750 with an apr of 17%. with his existing debt payment plan, chuck will not be able to pay off the debt for another 20 months. to speed up the process, chuck decides to take $2,000 from his savings and apply it to the balance. he plans to pay the remaining balance in 12 months. how much will chuck save in finance charges (interest) by doing this? a. $259.72 b. $478.28 c. $683.85 d. $738.00 please select the best answer from the choices provided. a b c d

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