You have a credit card with a balance of $15,100 and an APR…

You have a credit card with a balance of $15,100 and an APR of 18.5 percent compounded monthly. You have been making payments of $285 per month, but you have received a substantial raise and will increase your monthly payments to $360 per month. How many months quicker will you be able to pay off the account?

During the past year, a company had cash flow to stockholder…

During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $14,576, $33,318, and $13,040, respectively. The net working capital at the beginning of the year was $5,604 and it was $6,380 at the end of the year. What was the company’s cash flow to creditors during the year?