Jameson has 4300 in credit card debt with 14% interest that he wants to pay off in 24 months. He will need to make monthly payments of 206.46 each month. Calculate the total cost of repayment and the interest Jameson will pay?

Total cost of repayment  

Net interest paid

Step-by-step explanation:

Given

Amount taken on loan

Repayment plan

Monthly installment

Yearly installment  

Rate of interest per year %

Time Period for repaying the loan years

The total amount repaid by Jameson at the rate of per month for next months

Net interest paid

Total cost of repayment  

Net interest paid

the graph in the attached figure

step-by-step explanation:

we have

using a graphing tool

the graph in the attached figure

the roots are ( x-intercepts) x=-0.5,x=1,x=3

the y-intercept is the point (0,3)