Consider a credit card with a balance of $8500 and an APR of 15.99 %. In order to pay off the balance in 3 years, what monthly payment would you need to make? Round your answer to the nearest cent, if necessary. Formulas Answer How to enter your answer (opens in new window) 2 Points Keypad Keyboard Shortcuts Consider a credit card with a balance of $8500 and an APR of 15.99 %. In order to pay off the balance in 3 years, what monthly payment would you need to make? Round your answer to the nearest cent, if necessary. Formulas Number of Fixed Payments Required to Pay Off Credit Card Debt A - log|1 - n [1 - (n) log(1+) PMT Keypad board Shortcuts R= Monthly Payment Formula for Fixed Installment Loans PMT = (r.) [1-(1+91] -nt 1 + ) Maximum Purchase Price -nt 1 - 1 + mer 1-473 maximum purchase price = PMT. [-(1+1) )