You accumulated P$50,000$ is debt. The credit card company charges $18\%$ nominal annual interest compounded monthly. You can only afford to pay P$1,000$ per month. How much will you have to pay as interest?You accumulated P$50,000$ is debt. The credit card company charges $18\%$ nominal annual interest compounded monthly. You can only afford to pay P$1,000$ per month. How much will you have to pay as interest?You accumulated P$50,000$ is debt. The credit card company charges $18\%$ nominal annual interest compounded monthly. You can only afford to pay P$1,000$ per month. How much will you have to pay as interest?