You owe 2000 dollars on your credit card which has an interest rate of 18% per...

You owe 2000 dollars on your credit card which has an interest rate of 18% per year compounded monthly. If you plan to pay it off in 4 years, what are your monthly payments?

2 decimals

What are the total payments?

Round to nearest whole dollar.

How much total interest is paid?

Nearest whole dollar.

What is the unpaid balance after 1 year?

Round to nearest whole dollar.

Expert Solution

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ekkarill92 answered 2 years ago

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