Tom has a credit card with an APR of 24.95% and a current balance of $13,650.35. He wants to pay it off in 3 years. What will

Question

Tom has a credit card with an APR of 24.95% and a current balance of $13,650.35. He wants to pay it off in 3 years. What will Tom's monthly payment be? (Remember a credit card is compounded monthly.) Round to the nearest dollar.

Kunduz · Accepted Answer

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