5%

5%

Assume the credit card you have listed above has a current balance of $1,000. Compute the minimum payment assuming the credit card has 5% flat minimum payment multiplier. Record the calculated minimum payment. 1 Calculate the monthly interest being paid in the current month assuming a 30-day billing cycle. Record the monthly interest. How much of the minimum payment goes toward the balance of the credit card? Record the amount. Assume the credit card you have listed above has a current balance of $1,000. Compute the minimum payment assuming the credit card has 5% flat minimum payment multiplier. Record the calculated minimum payment. 1 Calculate the monthly interest being paid in the current month assuming a 30-day billing cycle. Record the monthly interest. How much of the minimum payment goes toward the balance of the credit card? Record the amount