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Asked by MasterElement3107
Jamie wants a new smart TV/sound system that costs $1,250. He does...
Jamie wants a new smart TV/sound system that costs $1,250. He does not have that much in cash to purchase it, so he uses a credit card with 18% annual interest. He puts $250 down, but he only pays the interest each month on that credit card debt. About how much will he pay in interest over 4 years?
- $500
- $1000
- $800
- $720
Solved by verified expert
Answered by Rukitomiko
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