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What is the monthly payment should make in order to pay off

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Reference no: EM132807769

Problem 1: Laura owes $4759 on a credit card with a 20.9% interest rate compounded monthly. What is the monthly payment she should make in order to pay off this debt in 3 years, assuming she does not charge any more purchases with the card?

A. $179.05

B. $995.70

C. $132.19

D. $442.90

Reference no: EM132807769

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