Lukecrayonz
  • Lukecrayonz
Riley owes $4,752 on a credit card with a 28.1% interest rate compounded monthly. What monthly payment should she make to pay off this debt in four years, assuming she does not charge any more purchases with the card?
Mathematics
jamiebookeater
  • jamiebookeater
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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Lukecrayonz
  • Lukecrayonz
$99.00 $165.89 $458.83 $1,335.32
Lukecrayonz
  • Lukecrayonz
It's $165.89, correct?
Lukecrayonz
  • Lukecrayonz
@Mertsj

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Lukecrayonz
  • Lukecrayonz
@satellite73
ganeshie8
  • ganeshie8
correct. http://www.wolframalpha.com/input/?i=4752%281%2B.281%2F12%29%5E48+-+x%281-%281+%2B+.281%2F12%29%5E48%29%2F%281-%281%2B.281%2F12%29%29+%3D+0
ganeshie8
  • ganeshie8
this is lil tough prob. did u use some formula or calculated the whole thing the hard way
Lukecrayonz
  • Lukecrayonz
The hard way @ganeshie8 can you help me with more problems if needed?:)
ganeshie8
  • ganeshie8
sure these are tough probs il be happy to help if i can :)

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