Question:

Mary's credit card has a balance of $3,500. The APR for the

Last updated: 8/4/2022

Mary's credit card has a balance of $3,500. The APR for the

Mary's credit card has a balance of $3,500. The APR for the credit card is 18%. She makes monthly payments of $1,000 and no additional purchases are made. How long will it take to pay off her credit card balance? How much interest will she pay?