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You have a balance of $ 1 0 , 9 6 1 . 1 7 on your credit card. The interest rate is 1 8

You have a balance of $10,961.17 on your credit card. The interest rate is 18% per year. You want to make equal monthly payments for the next 6 years to completely pay off the balance. Assume no other purchases or payments other than your calculated plan. What must be the amount of your monthly payment? Round to the nearest $ and use the $ symbol. Answer should look like $450

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