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Mathematics, 22.02.2021 07:10 bhadd2001
PROBLEM: You have $400.00 per month to pay off these two credit cards. You decide to pay only the interest on the lower-interest card and the remaining amount to the higher interest card.
Complete the following two tables to help you answer #1–3.
How long does it take to pay off the higher-interest card?
What is the amount of the last payment on the higher-interest card? Why?
At the end of the month that you pay off the higher-interest card, after you have started to pay down your debt on the lower-interest card, what is the balance of the lower-interest card? Why?
help me with the rest please a step-by-step too I am sooo confused.
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PROBLEM: You have $400.00 per month to pay off these two credit cards. You decide to pay only the in...
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