You have a balance of

$5,000

on your credit card, which charges an interest rate of

1.6%

per month. Looking at your budget, you figure you can make the following payments. Will they be enough to pay off your credit card?

Month	1	2	3	4	5	6	7	8
CF	$480	$540	$600	$660	$720	$780	$840	$900

(Select from the drop-down menus.)

The present value of your payments is

?

the amount of the loan, so you

?

pay off the loan.