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A consumer owes $ 2 , 5 5 0 on a credit card with a 2 1 . 9 % annual interest rate. Assuming the

A consumer owes $

2, 550

on a credit card with a

21.9 %

annual interest rate.

Assuming the consumer makes fixed payments and does not charge any more purchases with the card, what is the total monthly payment needed to pay off the card in three years? Show all work and round your answer to the nearest penny.

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