You decide to quit using your credit card and want to pay off the balance of $3,400 in 4 years. Your interest rate is 16.2%

Question

You decide to quit using your credit card and want to pay off the balance of $3,400 in 4 years. Your interest rate is 16.2% compounded monthly.
What will your monthly payments be?
How much interest do you pay?

Kunduz · Accepted Answer

Click to see the answer