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Cathy has a balance of $8000 on a credit card and makes no more charges. Assume the credit card charges to be 19% APR, compounded

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Cathy has a balance of $8000 on a credit card and makes no more charges. Assume the credit card charges to be 19% APR, compounded monthly. Cathy is also unable to make any payment on the balance. What will be the balance after 3 years? 15,001.01 S14083.11 $13481,27 $12560.00 None of the other answers are correct. $8468.86

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