What uniform monthly payment over the next 36 months

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Your credit card has a current balance of $4965.20. This Balance is accruing interest at a nominal rate of 9.0% compounded monthly. Assuming you didnt spend any more on this card, what uniform monthly payment over the next 36 months would be required to reduce the loan balance to zero at the end of three years?

Reference no: EM13189935

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