Herrera Salinas
07/14/2023 · Senior High School
You have \( \$ 3,500 \) on a credit card that charges a \( 16 \% \) interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Enter an integer or decimal number (more..)
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The monthly payment to pay off the credit card in 4 years is approximately $560.45.
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