Current Attempt in Progress Daniel owes $1,000 on a credit card that charges 15 percent interest. Use Table 1.4 to determine the monthly payment Daniel will have to make in order to pay back the debt within 3 years. Monthly payment $ If Daniel doubled the payment would he be able to pay off his debt in 2 years? TABLE 1.4 Monthly Payments Necessary to Pay Off Specific Debt Amounts Monthly Payments Necessary to Pay Off Debt in the Amount of: Months Interest to Pay Rate $1,000 $2,500 $5,000 $10,000 12 12% $89 $222 $444 $888 15% 90 226 451 903 18% 92 229 458 917 2196 93 233 466 931 24 471 47 48 118 121 235 242 1296 15% 1896 2196 485 499 50 51 125 128 250 257 514 36 129 1596 1896 83 87 166 173 332 347 33 35 36 38 90 94 181 188 362 377 2196 48 26 28 66 70 132 139 263 278 1296 15% 1896 2196 147 294 29 31 73 77 155 310 60 56 111 222 1296 1596 18% 21% 22 24 25 59 63 68 119 127 238 254 27 135 271 12 20 49 196 12% 1596 1896 21 23 25 53 57 98 106 114 211 228 245 21% 61 123