Mathematics
Mathematics, 01.12.2019 02:31, corcoranrobert1959

Linda owes $3,861 on a credit card with a 22.3% interest rate compounded monthly. what is the monthly payment she should make in order to pay off this debt in 2 years, assuming she does not charge any more purchases with the card?
a. $160.88
b. $200.87
c. $361.93
d. $867.93

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