Jameson has 4300 in credit card debt with 14% interest that he wants to pay off in 24 months. He will need to make monthly payme
nts of 206.46 each month. Calculate the total cost of repayment and the interest Jameson will pay?
1 answer:
Answer:
Total cost of repayment
Net interest paid
Step-by-step explanation:
Given
Amount taken on loan
Repayment plan
Monthly installment
Yearly installment
Rate of interest per year %
Time Period for repaying the loan years
The total amount repaid by Jameson at the rate of per month for next months
Net interest paid
Total cost of repayment
Net interest paid
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The answer is either c or d. I would go with answer c though. sorry if it is wrong