ou have a balance of $5,000,00 on your credit card, which charges an interest rate of 1.6% per month. Looking at your budget, you figure you can make the ollowing payments: Will they be enough to pay off your credit card? The present value of your payments is $ (Round to the nearest cent) ou have a balance of $5,000,00 on your credit card, which charges an interest rate of 1.6% per month. Looking at your budget, you figure you can make the ollowing payments: Will they be enough to pay off your credit card? The present value of your payments is $ (Round to the nearest cent)