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Suppose that on January 1 I have a balance of $6200 on my credit card whose APRis 17%, which I want to pay off in
Suppose that on January 1 I have a balance of $6200 on my credit card whose APRis 17%, which I want to pay off in a year. Assuming that I make no additional charges to my card after January 1,
When I pay my card off, how much will I have paid since January 1 with a monthly payment of $565.47?
$------? Please help me to ROUND to the NEAREST CENT.
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