What will your monthly payment be

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Reference no: EM133433903

Question: You have $4000 on a credit card that charges a 20.96% Annual Percentage Rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?

What will your monthly payment be?

How much will you have paid to the credit card company over the 5 years?

How much total interest did you pay?

Reference no: EM133433903

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