Mathematics, 21.11.2019 03:31 skywil8981

Anew employee charged $3980 on his credit card to relocate for his first job. after noticing that the interest rate for his balance was 21% compounded monthly, he stopped charging on that account. his wishes to pay off his balance in 4 years using automatic payments at the end of each month.

a. what monthly payment must he make to pay off the account at the end of 4 years?

b. how much total interest will he have paid?

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Anew employee charged $3980 on his credit card to relocate for his first job. after noticing that th...

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