Question

MEDAL & FAN!!!

You have a balance of $10,000 for your tuition on your American Express credit card. Assume that you make no more charges on the card. Also assume that American Express charges 12% APR and that each month you make only the minimum payment of 4% of the balance.

Find that formula for the balance after t monthly payments.

Answer 1

Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.†
Premier Rewards Gold Card from American Express

Answer 2

I hope it helps

Answer 3

Hello

Answer 4

I don't think that's what I'm looking for, lol.

Answer 5

It should be a formula.