Mathematics, 03.03.2021 07:00, katepotter2019
Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credit cards in a single credit card with an interest rate of 16% and pay off the balance in 36 months. If she did so, what would Michelle’s monthly credit card payment be?
Credit Card
Balance
APR
#1
$4,380
17%
#2
$1,365
19%
#3
$2,480
23%
#4
$5,000
15%
a.
$367.36
b.
$464.95
c.
$685.23
d.
$826.56
Answers: 2
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Michelle has four credit cards with the balances and interest rates listed below. She would like to...
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