A new employee charged 8040 on his credit card to relocate

Last updated: 11/16/2023

A new employee charged 8040 on his credit card to relocate for his first job After noticing that the interest rate for his balance was 27 compounded monthly he stopped charging on that account He wishes to pay off his balance in 3 years using automatic payments sent at the end of each month a What monthly payment must he make to pay off the account at the end of 3 years b How much total interest will he have paid a What monthly payment must he make to pay off the account at the end of 3 years S Round to the nearest cent as needed b How much total interest will he have paid S Round to the nearest cent as needed