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

1. Heni

I think £857.89 a month

2. Heni

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

3. AGummiBear55

It can't be because my only choices are \$790.99 \$706.08 \$164.57 \$2,016.54

4. AGummiBear55

I'm so confused.

5. Heni

i'm confused too now :D

6. AGummiBear55

Great! Well at least were confused together. (:

7. Heni

:D then maybe it's 790.99

8. Heni

but i'm still not sure :D

9. AGummiBear55

How so?

10. Heni

i was thinking what if that 21.5% not included in the 12 months payment?

11. Heni

i'm just guessing :D

12. AGummiBear55

Yeah... I think that's it!!! :D Thanks!!

13. Heni

no prob :)