Suppose you have a balance of $$3,950$ on your credit card, which charges an APR of $30\%,$ compounded monthly. If you want to pay off the balance in $24$ months, how much should you pay each

month? Assume that you charge no additional expenses to the card.

$$300\mathrm{.}86$

$$220\mathrm{.}86$

$$270\mathrm{.}86$

$$230\mathrm{.}86$

None of the above.

Question number $4.$