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AGummiBear55

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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  1. Heni
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    I think £857.89 a month

    • one year ago
  2. Heni
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    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
  3. AGummiBear55
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    It can't be because my only choices are $790.99 $706.08 $164.57 $2,016.54

    • one year ago
  4. AGummiBear55
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    I'm so confused.

    • one year ago
  5. Heni
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    i'm confused too now :D

    • one year ago
  6. AGummiBear55
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    Great! Well at least were confused together. (:

    • one year ago
  7. Heni
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    :D then maybe it's 790.99

    • one year ago
  8. Heni
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    but i'm still not sure :D

    • one year ago
  9. AGummiBear55
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    How so?

    • one year ago
  10. Heni
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    i was thinking what if that 21.5% not included in the 12 months payment?

    • one year ago
  11. Heni
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    i'm just guessing :D

    • one year ago
  12. AGummiBear55
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    Yeah... I think that's it!!! :D Thanks!!

    • one year ago
  13. Heni
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    no prob :)

    • one year ago
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