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Question 16 (0.15 points) You have an outstanding credit card balance of $1,000. You decide to stop making new charges and pay $425 each month until the balance is paid. If your annual interest rate is 18%, how many months will it take you to pay off your balance? Your Answer: Answer ? View hint for Question 16 Question 17 (0.15 points) You are comparing the cost of credit to the cash price of an item. If you make a down payment of $100 and pay $55 per month for 12 months, how much more will that amount be than a cash price of $606? Your Answer: Answer

          Question 16 (0.15 points)
You have an outstanding credit card balance of $1,000. You decide to stop making
new charges and pay $425 each month until the balance is paid. If your annual
interest rate is 18%, how many months will it take you to pay off your balance?
Your Answer:
Answer
? View hint for Question 16
Question 17 (0.15 points)
You are comparing the cost of credit to the cash price of an item. If you make a down
payment of $100 and pay $55 per month for 12 months, how much more will that
amount be than a cash price of $606?
Your Answer:
Answer

Question 16 (0.15 points)
You have an outstanding credit card balance of 1,000. You decide to stop making
new charges and pay425 each month until the balance is paid. If your annual
interest rate is 18%, how many months will it take you to pay off your balance?
Your Answer:
Answer
? View hint for Question 16
Question 17 (0.15 points)
You are comparing the cost of credit to the cash price of an item. If you make a down
payment of 100 and pay55 per month for 12 months, how much more will that
amount be than a cash price of 606?
Your Answer:
Answer

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