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AGummiBear55
 2 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
 2 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

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Heni
 2 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
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0Great! Well at least were confused together. (:

Heni
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0Yeah... I think that's it!!! :D Thanks!!
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