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Sedaia [141]
3 years ago
5

Jesse owes $8,473 on a credit card with a 21.5% interest rate. What is the monthly payment he should make to pay off this debt i

n 12 months, assuming he does not charge any more purchases with the card?
1)

$706.08


2)

$164.57


3)

$790.99


4)

$2,016.54

Mathematics
1 answer:
kakasveta [241]3 years ago
3 0
You can use an online credit card calculator in computing the monthly payment. Refer to the attachment for the answer and graph. The given are the following: balance - 8,473; interest rate - 21.5%; months - 12. The answer is the third option - you'll need to pay <span>$790.99 every month for 12 months.</span>

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