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plz respond asap You have credit card debt of $37,500 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly

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You have credit card debt of $37,500 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly payment You are required to pay only the outstanding interest. You have recolved an offer in the mail for an otherwise identical credit card with an APR of 12%. After considering all your altematlves, you decide to switch cards, roff over the outstanding balance on the old card into the new card, and borrow additional money as well. How much can you borrow today on the new card without changing the minimum monthly payment you wil be required to pay? (Note: Be caroful not to round any intermediate stops less than six decimal places.) You can borrow: on the new card without changing the minimum monthly payment you wil be required to pay. (Round to the nearest dollar)

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