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AGummiBear55
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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
AGummiBear55 Group Title
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

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

AGummiBear55 Group TitleBest 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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