You have a balance of $5,000.00 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? The present value of your payments is $ (Round to the nearest cent.) You have a balance of $5,000.00 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? The present value of your payments is $ (Round to the nearest cent.)