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Lukecrayonz

  • 2 years ago

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?

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  1. Lukecrayonz
    • 2 years ago
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    $99.00 $165.89 $458.83 $1,335.32

  2. Lukecrayonz
    • 2 years ago
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    It's $165.89, correct?

  3. Lukecrayonz
    • 2 years ago
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    @Mertsj

  4. Lukecrayonz
    • 2 years ago
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    @satellite73

  5. ganeshie8
    • 2 years ago
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    this is lil tough prob. did u use some formula or calculated the whole thing the hard way

  6. Lukecrayonz
    • 2 years ago
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    The hard way @ganeshie8 can you help me with more problems if needed?:)

  7. ganeshie8
    • 2 years ago
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    sure these are tough probs il be happy to help if i can :)

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