Question

(Cash Versus Financing MC)

A primary credit cardholder's card has an APR of 22.99%. The current monthly balance, before interest, is $4,528.34. Determine how much more the cardholder will pay, making monthly payments of $200, until the balance is paid off, instead of paying off the current balance in full.

A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.

$1,771.34
$1,275.17
$1,486.76
$1,465.96

Answer 1

@phantomdex

Answer 2

The additional amount paid ( finance charges ) by the cardholder making monthly payments of $200 instead of paying off the current balance in full is D. $1,465.96 . I believe

Answer 3

you have the work?

Answer 4

I explained it-

Answer 5

thats the work, theres not more?

Answer 6

I mean that's the basic amount of work if you know what you're doing-

Answer 7

kk

Answer 8

posting another