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You are going to pay off your Silver credit card balance completely by making monthly payments of $100 for the next 2 years. In other

You are going to pay off your Silver credit card balance completely by making monthly payments of $100 for the next 2 years. In other words, your balance will reduce to zero when the last (the 24th) payment is made. Credit card charges your balance an interest of 1% a month. How much will your credit card balance be immediately after the 14th payment is made?

$898.26

$853.02

$1,000.00

$811.09

$947.13

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