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Category > Business & Finance Posted 02 Aug 2017 My Price 8.00

Calculating the Number of Periods

Calculating the Number of Periods Your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is not lost: You just received an offer in the mail to transfer your $10,000 balance from your current credit card, which charges an annual rate of 18.2 percent, to a new credit card charging a rate of 8.2 percent. How much faster could you pay the loan off by making your planned monthly payments of $200 with the new card? What if there was a 2 percent fee charged on any balances transferred?

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Homework Helper
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Status NEW Posted 02 Aug 2017 06:08 PM My Price 8.00

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