For many households, repayment of high-interest debt is an important financial goal. Using the following table estimate the payments necessary to pay-off $5000 in credit card debt in 2 years at 21% APR. Monthly Payment Necessary to Pay Off Debt in the Amount of Months to Pay Interest Rate $1,000 $2.500 $5,000 $10,000 12 12% $89 1222 $444 $800 (15% 90 226 451 903 229 458 917 21% 466 931 118 471 12% 235 15% 121 242 485 18% 125 499 250 128 257 514 21% 24 $257 $514 055 $128 93 47 48 50 51