Mathematics, 01.02.2021 19:40 1341220857
Gary has a credit card with an APR of 13.57%, compounded monthly. He would like to pay off the $1,847 42 card
balance over the course of two and a half years by making identical monthly payments. Assuming that he makes no
additional purchases on his card, how much must Gary pay every month to reach his goal? (Round all dollar values
to the nearest cent.)
a $72.96
b. $137.45
$61.58
d. $86.29
please show work
Answers: 3
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Gary has a credit card with an APR of 13.57%, compounded monthly. He would like to pay off the $1,84...
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