You have a balance of $5,000.00 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? The present value of your payments is $ The present value of your payments is Data table (Round to the nearest cent.) than the amount of the loan, so you 1 $500 (Click on the following icon in order to copy its contents into a spreadsheet.) Year 3 $580 Payment 2 $540 Print 4 $620 Done CIXA 5 $660 be able to pay off the loan. (Select from the drop-down menus.) 6 $700 points) po 7 $740 8 $780 - X

fou have a balance of $5,000 oo on your credit card, which charges an interest rate of 1,3% per month. Looking at your budget, you fgure you can make the following payments. III . Wis they be mough to pay off your credt card? he present value of your payments is $ (Round to the nearest cent). he present value of your payments is than the amount of the loan, so you be able to pay off the loan. (Select from the drop-down menus.) Data table (Click on the following icon Q in order to copy its contents into a spresdeheet.)