Question

You have $1,998.00 on a credit card with a 14.5% APR. You miss your minimum payment the first month and there is a late fee of $37.00. How much is your balance at the beginning of the second month?

$2,083.29

$2,022.14

$2,059.14

$2,046.29

Answer 1

The correct answer is 2,022.14