Number of Annuity Payments Phoebe Realizes That She Has Charged

question 136

Multiple Choice

Number of Annuity Payments Phoebe realizes that she has charged too much on her credit card and has racked up $10,000 in debt.If she can pay $300 each month and the card charges 18 percent APR (compounded monthly) ,how long will it take her to pay off the debt?

• A)27.23 months
• B)33.33 months
• C)46.56 months
• D)69.70 months

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Definitions:

Pubococcygeus Muscle

A muscle of the pelvic floor that supports the pelvic organs and is involved in urinary control as well as sexual function.

Spasms

Sudden, involuntary muscle contractions that can be painful or uncomfortable.

Good Sex

An experience of sexual activity that is satisfying, pleasurable, and consensual for all parties involved, often incorporating emotional and physical intimacy.

Confident

Having strong belief or full assurance in oneself or in the reliability, truth, ability, or strength of someone or something.