Javier owes $4,298 on a credit card with a 17.5% interest rate. What is the monthly payment he should make to pay off this debt in 12 months, assuming he does not charge his credit card again?

Question

anonymous · Answer

idk if what I type posted Dx can't see it but

anonymous · Answer

I don't see anything either

anonymous · Answer

but he would have to pay 421.204 per month to pay it off, assuming the rate is yearly

anonymous · Answer

Thats not an option :/ The choices are

-$71.43
-$357.42
-$392.20
-$877.24

anonymous · Answer

O.o hold up then

anonymous · Answer

okay

anonymous · Answer

.-. is the rate monthly?

anonymous · Answer

Im not sure. My teacher isn't exactly 'descriptive' when it comes to the questions. So I'm not sure. I don't even know how to solve this question..

anonymous · Answer

oh ok hold up xD

anonymous · Answer

okay :)

anonymous · Answer

http://www.wolframalpha.com/input/?i=loans&a=*C.loans-_*Formula.dflt-&f2=%244298&f=SimpleLoan.LA%5Cu005f%244298&f3=1+yr&f=SimpleLoan.LP%5Cu005f1+yr&f4=17.5+%25&f=SimpleLoan.APR%5Cu005f17.5+%25&a=*FP.SimpleLoan.PI-_Monthly check it xD

anonymous · Answer

i got my confused so i used wolfram xD

anonymous · Answer

okay, it was $392.20. Thank You!!

anonymous · Answer

xD np Wolfram Alpha is epic xD but only use it was a last source lol its a cheat sources O:

anonymous · Answer

okay, I will :)