Question

Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credit cards masingle credit card with an interest rate of 16% and pay off the balance in 36 months. If she did so, what would Michelle's monthly credit card payment be? Credit Card APR $4380 $1,385 a. $36735 b $464.95 $685.23​

Answer 1

Answer:

$194.0008

Step-by-step explanation:

I'm not sure if this is correct but I hope it helps

16% of 4380

0,16×4380

=$700.8

16% of 1385

0,16×221.6

=221.6

16% of 36735

0,16×36735

=$5877.6

16% of 464.95

0,16×464.95

=$74.392

16% of 685.23

0,16×685.23

=$109. 6368

700.8+221.6+3877.6+5877.6+74.392+109.6368=$6984.0288

6984.0288÷36=$194.0008

Answer 2

Answer:

B.$464.95

Step-by-step explanation:

Just took test on Edgunity.