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K Use PMT = A [1-(1+1)] -nt to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance

K Use PMT = A [1-(1+1)] -nt to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of $4800 and an annual interest rate of 15%. You decide to pay off the balance over three years. If there are no further purchases charged to the card, a. How much must you pay each month? b. How much total interest will you pay?

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