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Max has a credit card with an APR of 26.2% compounded monthly. His previous balance was $1,780. If he makes a payment of $123 this month, what is the new balance on his credit card?
 one year ago
 one year ago
Max has a credit card with an APR of 26.2% compounded monthly. His previous balance was $1,780. If he makes a payment of $123 this month, what is the new balance on his credit card?
 one year ago
 one year ago

This Question is Closed

dumbcowBest ResponseYou've already chosen the best response.2
\[= 1780(1 + \frac{.262}{12}) 123\]
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
so... the answer is 1695.86, right? :D THANK YOU!!!
 one year ago
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