Se the details of Pamela's new credit card to answer the question that follows. APR 18.7% compounded monthly
Grace Period 30 days
Minimum Payment 3.5% of the remaining balance or $30, whichever is higher
Pamela charged $925 to her credit card last month. What is the first minimum payment she must make? (4 points)
$92.50
$172.98
$32.38
$30.00