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month payment 1 460 2 515 3 570 4 625 5 680 6 735 7 790 8 845 You have a balance of $5,000 on

month	payment
1	460
2	515
3	570
4	625
5	680
6	735
7	790
8	845

You have a balance of $5,000 on your credit card, which charges an interest rate of 1.6% per month. Looking at your budget, you figure you can make the following payments. Will they be enough to pay off your credit card?

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