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Will rate ! 2. You have an inactive credit cart with a $1000 outstanding unpaid balance. This particular credit card charges interest at the rate

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2. You have an inactive credit cart with a $1000 outstanding unpaid balance. This particular credit card charges interest at the rate of 18% compounded m onthly. You are able to make a payment of $200 one month from today and $300 two months fromm today. Find the amount that you wl have to pay three months from today to completely pay off this credit card debt. (Note: Work this problem with an equation of value. You will learn an alternative approach for this type of problem in Chapter 5.)

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