You have a balance of $5,000 on your credit card, which charges an interest rate of 1.5% 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 Payment (Select from the drop-down menus.) The present value of your payments is 1 $560 2 $595 3 $630 the amount of the loan, so you will ... 4 $665 be able to pay off the loan. will not 5 $700 6 $735 7 $770 8 $805 You have a balance of $5,000 on your credit card, which charges an interest rate of 1.5% 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 Payment (Select from the drop-down menus.) The present value of your payments is 1 $560 larger than smaller than equal to 2 $595 the amount of the loan, so you 3 $630 ... 4 $665 be able to pay off the loan. 5 $700 6 $735 7 $770 8 $805