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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
 one year ago
 one year 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
 one year ago
 one year ago

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HeniBest ResponseYou've already chosen the best response.1
the 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
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
It can't be because my only choices are $790.99 $706.08 $164.57 $2,016.54
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
Great! Well at least were confused together. (:
 one year ago

HeniBest ResponseYou've already chosen the best response.1
:D then maybe it's 790.99
 one year ago

HeniBest ResponseYou've already chosen the best response.1
but i'm still not sure :D
 one year ago

HeniBest ResponseYou've already chosen the best response.1
i was thinking what if that 21.5% not included in the 12 months payment?
 one year ago

AGummiBear55Best ResponseYou've already chosen the best response.0
Yeah... I think that's it!!! :D Thanks!!
 one year ago
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