James owes $6,927 on a credit card with a 19.5% interest rate. What is the monthly payment he should make to pay off this debt in 12 months, assuming he does not charge any more purchases with the card?

Question

anonymous · Answer

and this question
The table summarizes the credit card debt Stephanie currently holds. Use this table to answer the question that follows.

Credit Card Balance APR Minimum Payment Total Interest Paid Number of Months to Pay off 
Home Improvement Card $2,500 23.4% $100 $2,095 125 
Wear-It-Right Card $2,257 22.1% $79 $2,195 140 
Furniture Depot Card $3,850 16% $154 $1,822 117 
Expert Card $3,572 20.3% $125.02 $3,016 154 


Which credit card will be paid off first if Stephanie plans on making the minimum payment?

anonymous · Answer

Hi dude, would you like an explanation or answer?

anonymous · Answer

$640.02 for #1 and #2 is home improvement card