How much total interest will Dom have paid after his last payment of $538?

Shaneeeeee

New member
Joined
Apr 17, 2011
Messages
0
Reaction score
0
Points
0
Dom has a credit card with an outstanding balance of $19,231. The credit card company charges an APR (annual percentage rate) of 22.9% compounded montly. The minimum payment is $538 per month. If Dom makes no new charges on the credit card while making only the mininum monthly payment how much total interest will Dom have paid after his last payment of $538?
 
Back
Top