IN ECXEL ,DONT USE FOEMELA

P 4-46 (similar to) Question Help You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,000 per month on the card for the next 45 months. The card carries a monthly interest rate of 1.1%. How much money will you owe on the card 46 months from now, when you receive your first statement post-graduation? After 45 months you will owe $ 57,824.59. (Round to the nearest cent.) After 46 months you will owe $ 53.01. (Round to the nearest cent.)