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You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You

You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum
monthly payment. You intend to charge $900 per month on the card for the next 45 months. The card carries a monthly
interest rate of 1.1%. How much money will you owe on the card 46 months from now, when you receive your first
statement post-graduation?
After 45 months you will owe $52,042.13.(Round to the nearest cent.)
After 46 months you will owe $
(Round to the nearest cent.)
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