Following his high school graduation, Brandon buys a new lap…
Following his high school graduation, Brandon buys a new laptop for $1,500 through BestSpend’s payment program, which requires no money down and only a $40/month payment at the end of each month. Interest on purchases through this program accrues at 25% APR compounded monthly. If Brandon only ever makes the minimum payment, how long will it take to pay off the debt? Round to the nearest tenth of one month.
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