A community for students.
Here's the question you clicked on:
 0 viewing
AGummiBear55
 3 years ago
Please Please PLEASE help? 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 in 12 months, assuming he does not charge any more purchases with the card?
$790.99
$706.08
$164.57
$2,016.54
AGummiBear55
 3 years ago
Please Please PLEASE help? 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 in 12 months, assuming he does not charge any more purchases with the card? $790.99 $706.08 $164.57 $2,016.54

This Question is Closed

Heni
 3 years ago
Best ResponseYou've already chosen the best response.1the 21.5 interest is 1,821.695 then I add it to the original amount ( 8473+1,821.695=10294.695) then i divide 10294.695 by 12 which is 857.89125

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0It can't be because my only choices are $790.99 $706.08 $164.57 $2,016.54

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0Great! Well at least were confused together. (:

Heni
 3 years ago
Best ResponseYou've already chosen the best response.1i was thinking what if that 21.5% not included in the 12 months payment?

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0Yeah... I think that's it!!! :D Thanks!!
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.