Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each
month to save or pay down your debts.
a. How many months will it take to pay off the credit card if you only put half of the available money toward
the credit card each month and make the payments at the beginning of the month?
b. How many months will it take to pay off the credit card if you put all of the available money toward the
credit card each month and make the payments at the beginning of the month?
Be sure to include in your response:
• the answer to the original question
• the mathematical steps for solving the problem demonstrating mathematical reasoning

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step-by-step explanation:

the answer is d

hope this

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.