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. 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. Show work here:

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. 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. Show work here