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Mathematics 23 Online
OpenStudy (leozap1):

PLEASE help... Will fan & medal. APR 19.1% compounded monthly Grace Period 30 days Minimum Payment 3.5% of the remaining balance or $10, whichever is higher Patti charged $425 to her credit card last month. What is the first minimum payment she must make? A. $14.88 B. $81.18 C. $10.00 D. $42.50

OpenStudy (briellshaw):

B.

OpenStudy (leozap1):

How did you get that?

OpenStudy (leozap1):

When I add the APR I get 506.17, and 3.5% of that is $17.72 that's not an answer though.

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