Frank has four different credit cards, the balances and interest information of which are outlined in the table below. he would
like to consolidate his credit cards to a single credit card with an apr of 18% and pay off the balance in 24 months. what will
his monthly credit card payment be?
credit card
a
b
balance
$2,380
$4,500
$1,580
$900
apr
19%
15%
17.50%
21%
d
a. $390.00
b. $462.91
c. $467.29
d. $52.00