10-04-2024
Mathematics

Answered

For the three-part question that follows, provide your answer to each part in the given workspace. Identify each part with a coordinating response. Be sure to clearly label each part of your response as Part A, Part B, and Part C.
McKenzie has a credit card with a balance of $936. The APR on this credit card is 13.96% and is compounded monthly.
Part A: If McKenzie makes payments of $250 per month, how long will it take her to pay off the credit card? Round the APR to the nearestthousandths place.
Part B: In the problem above, how much interest will McKenzie have paid when she pays off the credit card?
Part C: How much more interest will McKenzie pay if she only pays $150 per month?

Answer :

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