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11 March, 06:09

Leah owes $4,206 on a credit card with an 18.7% interest rate compounded monthly. What is the monthly payment she should make in order to pay off this debt in 4 years, assuming she does not charge any more purchases with the card?

A: $786.73

B: $87.63

C: $125.10

D: $387.01

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Answers (2)
  1. 11 March, 06:32
    0
    The answer is A: $786.73

    (originally $786,522)
  2. 11 March, 06:38
    0
    A: $786.73

    Enjoy!
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