Mathematics

Guest

26 December, 19:52

The table shows Mr. Winkler's schedule for paying off his credit card balance. A 5-column table with 4 rows. Column 1 is labeled Balance with entries 650 dollars, 556 dollars and 60 cents, 462 dollars and 8 cents, 366 dollars and 42 cents. Column 2 is labeled payment with entries 100 dollars, 100 dollars, 100 dollars, 100 dollars. Column 3 is labeled new balance with entries 550 dollars, 456 dollars and 60 cents, 362 dollars and 8 cents, 266 dollars and 42 cents. Column 4 is labeled rate with entries 0.012, 0.012, 0.012, 0.012. Column 5 is labeled interest with entries 6 dollars and 60 cents, 5 dollars and 48 cents, 4. dollars and 34 cents, 3 dollars and 20 cents. If he continues to make monthly payments of $100, and makes no new purchases, how many more payments will he have to make before the balance is zero?