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A MasterCard statement shows a balance of $560 at 13.1% compounded monthly. What monthly payment will...

A MasterCard statement shows a balance of $560 at 13.1% compounded monthly. What monthly payment will pay off this debt in 1 year 5 months? (Round your answer to the nearest cent.)

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Answer #1

Monthly Payment to payoff debt in 1 year 5 months = $36.27

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