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A new employee charged $ 6 9 2 0 on his credit card to relocate for his first job. After noticing that the interest rate
A new employee charged $ on his credit card to relocate for his first job. After noticing that the interest rate for his balance was compounded monthly, he stopped charging on that account. He wishes to pay off his balance in years using automatic payments sent at the end of each month.
a What monthly payment must he make to pay off the account at the end of years?
b How much total interest will he have paid?
a What monthly payment must he make to pay off the account at the end of years?
Round to the nearest cent as needed.
b How much total interest will he have paid?
Round to the nearest cent as needed.
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