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You have a balance of $5000 on your credit card, which charges an interest rate of 1.3% per month. Looking at your budget, you figure

You have a balance of $5000 on your credit card, which charges an interest rate of 1.3% 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: $470

Month 2: $530

Month 3: $590

Month 4: $650

Month 5: $710

Month 6: $770

Month 7: $830

Month 8: $890

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